Enlabs shareholder hedge fund to fight “inadequate” Entain takeover bid

Investors query “unusual circumstances” of £250m takeover proposal involving Enlabs chairman Niklas Braathen

Major Enlabs shareholders have joined forces to rebuff the acceptance of a £250m takeover bid from Entain. Alta Fox Capital Management, which owns a 3.34% stake in Enlabs, confirmed it would reject any overtures by the FTSE 100 operator to purchase its shareholding at the proposed offer price of SEK40 per share. “This offer materially…

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