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Cherry acquisition nears completion as offer period extended

28th January 2019 7:28 am GMT

Stockholm-listed operator Cherry looks set to be acquired by European Entertainment Intressenter BidCo in the next week after the majority of the company’s shareholders approved the deal.

Cherry received a SEK9,193m takeover offer last month from EE Intressenter, a company jointly controlled by a consortium consisting of private equity firm Bridgepoint Advisers and a number of Cherry shareholders.

At the announcement of the SEK87 per share offer, members of the consortium owned 50,100,368 shares, corresponding to 47.4 [...]

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