Kindred shares seen soaring on $2.8 bln takeover bid from France's FDJ

Kindred

22/01/2024 07:56

** Shares in Kindred  KINDsdb.ST  are seen rising 22-25%
after Francaise de Jeux  FDJ.PA  announced a takeover offer for
the Swedish online gaming group, according to traders
    ** FDJ said it was offering 130 Swedish crowns a share for
Kindred, which would correspond to an enterprise value of 2.6
billion euros ($2.83 billion) and represent a premium of 24% to
its Jan. 19 closing price
    ** Kindred's board unanimously recommends its shareholders
to accept the bid 

($1 = 0.9176 euros)

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))