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Kindred Group set to acquire 32Red in £176m deal

23rd February 2017 8:18 am GMT
Kindred

Kindred Group, the London-listed gaming operator formerly known as Unibet, has agreed a £175.6m deal to acquire Gibraltar-based 32Red plc.

The boards of the two operators have reached agreement on the terms of a recommended cash offer, which will see Kindred acquire the entire issued and to-be-issued share capital of 32Red.

Under the terms of the offer, Kindred will pay 196 pence for each 32Red share, which values the company at approximately £175.6m. Shareholders as of March 3rd [...]

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