Entain has extended the deadline for Enlabs to accept the takeover bid until March 18. Entain is still standing firm on its offer despite some recoil from Enlabs shareholders.
The FTSE 100 company said it had filed applications with competition and gaming authorities to obtain the necessary approvals for the takeover, but added that it did not expect those to come through during the current acceptance period, which ends on February 18.
As a result, it had extended the acceptance period to March 18.
“Provided that Entain announces that the conditions of the offer have been satisfied or waived on 23 March, settlement is expected to commence on or around 30 March,” the Entain board said.