EveryMatrix Unveils SEK 59 Cash Offer for Fantasma Shares

EveryMatrix Initiates Cash Offer for Fantasma Shareholders

EveryMatrix Software Limited, a prominent player in the iGaming sector, has announced an exciting opportunity for shareholders of Fantasma Games AB. The company is extending a recommended public cash offer, valuing each Fantasma share at SEK 59. This offer not only represents a significant premium over recent trading prices but also highlights EveryMatrix's strategic interest in bolstering its gaming portfolio.

Details of the Offer

Overview of the Cash Offer

The cash offer amounts to SEK 59 per share, translating to an overall valuation of approximately SEK 209.8 million for Fantasma. This offer is notably attractive, as it represents a premium of 21.40% over the closing price of Fantasma shares on the last trading day prior to the announcement. Additionally, it offers a 27.69% premium compared to the volume-weighted average share price over the past 30 trading days.

Independent Committee's Recommendation

Fantasma's independent bid committee, including experienced board members, has endorsed the offer and encouraged shareholders to accept it. This recommendation is bolstered by a fairness opinion from Svalner, confirming that the offer is financially sound for shareholders.

The Rationale Behind the Acquisition

EveryMatrix is widely recognized for its advanced B2B software solutions tailored for the iGaming industry. One of its flagship products is the Casino Engine, driving substantial revenue through robust client engagement. As part of this growth trajectory, EveryMatrix aims to expand its game development capabilities, marking a pivotal step by acquiring Fantasma, a renowned game developer.

Strengthening Game Distribution

The acquisition will enhance EveryMatrix's distribution capabilities, particularly within the burgeoning U.S. iGaming market. With established licenses and contracts, the integration of Fantasma's game offerings will elevate the overall quality and variety available through EveryMatrix. The collaboration is expected to drive significant synergies and foster a more extensive customer base.

Market Implications

For Fantasma's stakeholders, this cash offer underscores an opportunity to gain immediate value from their shares. The proposal aligns with EveryMatrix's strategy to scale operations efficiently by combining resources, which is increasingly vital in the competitive landscape of iGaming.

Future Outlook and Conditions

The offer is contingent upon achieving over 90% acceptance from Fantasma shareholders, ensuring a solid foundation for a successful merger. EveryMatrix plans to navigate this process with transparency, providing updates as necessary while maintaining compliance with all regulatory requirements.

EveryMatrix Overview

EveryMatrix operates globally with a strong emphasis on delivering innovative software solutions across various platforms, including casino, sports betting, payments, and affiliate management. The company services a diverse clientele, with more than 300 customers worldwide. With a solid financial track record, EveryMatrix generated over €81 million in EBITDA within a recent fiscal year and maintains significant cash reserves to support its expansion.

Management and Employee Considerations

EveryMatrix is committed to maintaining the existing management structure and workforce of Fantasma. This approach strives to ensure business continuity and employee stability during and after the acquisition, promoting a collaborative effort to achieve shared goals.

Frequently Asked Questions

What is EveryMatrix's offer for Fantasma shares?

EveryMatrix has proposed a cash offer of SEK 59 per share for all outstanding shares of Fantasma.

How does this offer benefit Fantasma shareholders?

The offer provides an immediate premium over the current share price, allowing shareholders to realize liquidity.

What is the significance of the independent committee's recommendation?

The independent committee's endorsement indicates strong confidence in the offer's fairness and value for shareholders.

What are the conditions for the completion of the offer?

The offer hinges on acquiring more than 90% of Fantasma shares and obtaining necessary regulatory approvals.

How does EveryMatrix plan to integrate Fantasma?

EveryMatrix aims to enhance collaboration without making substantial changes to Fantasma's operational structure or workforce.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.