By The Weekly Edge desk ·
Evolution EVO · SEK 800.00 2026-10-16 Data said its planned merger with Galaxy Gaming would no longer proceed, GamblingNews reported. The agreement ended after its official deadline expired.
The termination removes the planned combination of Evolution and Galaxy Gaming.
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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 filing brings Evolution’s regulatory settlement and abandoned acquisition into the dispute.
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.