Bowling venue operator Ten Entertainment's shares soar after $362 mln buyout deal
06/12/2023 08:13
Dec 6 (Reuters) - Shares of UK's Ten Entertainment
TEG.L soared 31% to a record-high on Wednesday after the
bowling venue operator agreed to a 287 million pound ($361.53
million) buyout deal from U.S. private equity firm Trive
Capital.
The company's shareholders will receive 412.5 pence in cash
for each share held, which represents a premium of about 33% to
the stock's last closing price.
London-listed Ten Entertainment's shares, a component of the
FTSE small-cap index .FTSC , were up to 407 pence in early
trading.
($1 = 0.7938 pounds)
(Reporting by Eva Mathews in Bengaluru; Editing by Sohini
Goswami)
((Eva.Mathews@thomsonreuters.com;))