$EVVTY Kenneth Dart’s Candle Lake Crosses Mandatory Bid Threshold For Sweden’s Evolution. Candle Lake also owns around 28% of online sports betting and gaming company Flutter Entertainment. Billionaire U.S. investor Kenneth Dart has raised his stake in Swedish gaming group Evolution AB to around 30.02%, passing the threshold that requires the launch of a mandatory takeover offer.
$EVVTY
Hey, ck out DDI. Gaming biz under $12 shr with 26 earnings proj at $2.50 p/e 5ish and cash reserve $10 per shr. Offer to buy from 60+% total shr holder of 11.25. # will need to increase at a min $5 and prob closer to $10. DD b4 stepping as always
$EVVTY The Board of Directors of Evolution AB has resolved on EUR 2 billion Share Buyback Program. The purpose of the acquisition of own shares is to optimize the capital structure of the Company by reducing the share capital, thereby creating added shareholder value. The Company has simultaneously entered into a EUR 300 million revolving credit facility to maintain continued financial flexibility.
$EVVTY This should be treated like well managed oil stocks where the CEO buys back shares driving prices higher as oil prices rise. In this case, they take advantage of being a market leader, buy back shares, and then this stock will rocket once we beginn emerging out of a recession which could start any year now
