By The Weekly Edge desk ·
EGR reported that Evolution EVO · SEK 800.00 2026-10-16 Data chief executive Martin Carlesund indicated the company might abandon its proposed $85m Galaxy Gaming purchase. The closing period expires on 17 July, when either party can terminate the agreement.
The transaction faces possible termination as its agreed closing period expires.
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The statement points to activity outside licensed channels in some regulated markets.
The supplier plans no UK strategic change following the settlement.
Shareholders face an offer below Evolution’s current trading price, with the board advising them to decline.
Evolution’s board rejection signals to investors that it considers Candle Lake’s mandatory takeover offer below the company’s value.
Crossing the ownership threshold required Candle Lake to make a takeover offer.
The filing brings Evolution’s regulatory settlement and abandoned acquisition into the dispute.