MGM resorts international (MGMRI), Entain’s JV partner in the US, has offered to take over the British bookie for ~£8bn ($11bn), with a possible partial cash alternative also on the cards. Following the news, Entain’s stock popped up 30% before closing the year’s first trading session 25% higher.
06 Jan 2021
MGM bid: A no-getter?
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MGM bid: A no-getter?
Entain PLC (ENT:LON) | 824 -1.6 (0.0%) | Mkt Cap: 5,262m
- Published:
06 Jan 2021 -
Author:
Virendra Chauhan -
Pages:
3
MGM resorts international (MGMRI), Entain’s JV partner in the US, has offered to take over the British bookie for ~£8bn ($11bn), with a possible partial cash alternative also on the cards. Following the news, Entain’s stock popped up 30% before closing the year’s first trading session 25% higher.