$/€ Entain Share Price Skyrockets Amid Buyout Rumors
Kate Marshal
10 April 2024
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Entain, a sports betting and gambling company, saw its share price reach a month-high this Monday, fueled by rumors of a potential buyout.
The company closed at £825.00, a peak not seen since March 6, when the closing price was £830.40.
In recent days, the rumor mill has been abuzz: multiple players, including private equity titan Apollo, have been sizing up potential takeover bids for Entain.
A report by the Sunday Times suggests that the upcoming retirement of Entain Chairman Barry Gibson, who announced his intention to step down last week, could trigger the sale of the company’s assets.Previously, it has been reported that Wall Street boutique advisory Moelis was appointed to counsel the entire Entain board. This advisory role is in relation to the potential sale of several of Entain’s international brands.
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