01:57 AM EDT, 08/13/2026 (MT Newswires) -- Investment vehicle Candle Lake launched a cash takeover offer for Evolution (EVO.ST) at 695 kronor per share, valuing the Swedish online gambling company at 131.7 billion kronor, according to a Thursday release. The offer follows Candle Lake's acquisition of 2,050,000 Evolution shares on July 24, which increased its direct holding to 30.02% and triggered a mandatory takeover offer under Swedish rules. The acceptance period is expected to run from Aug. 17 through Sept. 15, with settlement expected to begin Sept. 23. The proposed acquisition remains subject to regulatory clearances. Candle Lake intends to launch compulsory redemption proceedings to acquire all remaining Evolution shares and seek to delist the company from Nasdaq Stockholm if it acquires more than 90% of Evolution's outstanding shares.

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