EveryMatrix Proposes SEK 59 Offer for Fantasma Shares
EveryMatrix Proposes SEK 59 Offer for Fantasma Shares
EveryMatrix Software Limited has made a significant move by announcing a recommended public cash offer to acquire all shares in Fantasma Games AB for SEK 59 per share. This attractive offer marks an important development in the world of iGaming, where consolidation continues to shape the industry landscape.
Details of the Acquisition Offer
The total valuation of the shares in Fantasma is pegged at SEK 209.8 million, based on the outstanding shares available in the market. This acquisition aligns with EveryMatrix's strategy to enhance its portfolio and expand its presence in the highly competitive iGaming sector.
A Premium Offer
This offer represents a notable premium of 21.40% compared to Fantasma's closing stock price prior to the offer, alongside an even higher premium when considering the average prices over the previous 30 and 90 days. Such compelling facets underline the market's positive reception of the offer and signify EveryMatrix's confidence in Fantasma's future potential.
Strengthening the Games Division
EveryMatrix, a leader in providing software solutions for the iGaming industry, aims to strengthen its influence through this acquisition. Having already established significant footholds in various regions, the integration of Fantasma, a respected game developer with a robust distribution network, is bound to create synergies that will enhance operational capabilities.
Perspectives on Market Growth
The growth of the U.S. iGaming market, where EveryMatrix has already made substantial investments, plays a crucial role in the company’s future. The addition of Fantasma is expected to boost EveryMatrix's ability to deliver a diverse game portfolio to a continuously expanding player base.
Supporting Recommendations for Shareholders
The independent bid committee of Fantasma, which represents an essential governance aspect, is recommending shareholders to accept the offer. This comes alongside the endorsement of a fairness opinion from a reputable financial advisor, affirming that the offer is in the best interest of Fantasma's shareholders. This advisory role plays a critical part in maintaining transparency in the acquisition process.
Shareholder Commitment
A notable percentage of Fantasma's major shareholders have already expressed their intent to accept the offer. This collective agreement from shareholders, controlling over 50% of the shares, serves as a strong indicator of the offer's attractiveness and market confidence.
Launch of the Offer Document
EveryMatrix is in the process of publishing the official offer document, detailing the terms of the acquisition. The acceptance period for shareholders will commence shortly, providing an opportunity for stakeholders to engage in this transformational deal.
About EveryMatrix
EveryMatrix stands as a prominent player in the iGaming arena, known for delivering advanced software and solutions across various niches including casino games, sports betting, and affiliate management. With a workforce of over 1,000 employees spanning 13 countries, the company serves a diverse client base comprising more than 300 customers worldwide, including significant operators within the United States market.
As EveryMatrix looks towards the future, initiatives like the proposed acquisition of Fantasma highlight the company's forward-thinking approach, highly focused on expanding its operational core and reaching new customers effectively.
Frequently Asked Questions
What is the cash offer made by EveryMatrix for Fantasma shares?
EveryMatrix has proposed a cash offer of SEK 59 per share for all outstanding shares of Fantasma.
What is the total value of the offer for Fantasma?
The total valuation of the offer stands at SEK 209.8 million based on 3,556,535 shares of Fantasma.
What premium does the offer represent over the prior market price?
The offer presents a premium of 21.40% compared to the last closing price before the announcement.
Who is recommending the offer to Fantasma's shareholders?
Fantasma's independent bid committee is recommending that shareholders accept the offer made by EveryMatrix.
What is EveryMatrix’s strategy in the iGaming market?
EveryMatrix aims to enhance its presence and capability in the iGaming industry by acquiring strong companies like Fantasma, thus expanding its portfolio.
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