By The Weekly Edge desk ·
Evolution EVO · SEK 800.00 2026-10-16 Data recorded Q2 2026 net revenue of €517.8m, SBC News reported. Revenue fell 1.2% year on year but rose 2.4% at constant currency, while its European business returned to growth.
Currency-adjusted growth contrasted with a decline in Evolution’s reported quarterly revenue.
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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 shareholding increase triggers a takeover-offer obligation for Candle Lake.
The increased stake requires Candle Lake to make an offer or cut its ownership.
The mandatory offer gives remaining Evolution shareholders a proposed cash exit.