EveryMatrix announces a public cash offer to acquire all shares of Swedish online casino game developer Fantasma Games AB at 59 Swedish Kronor (USD 5.79) per share.
The offer values the company at approximately 209.8 million Swedish Kronor. Fantasma's shares are listed on the Nasdaq First North Growth Market.
The offer represents a 21.4% premium over the closing price of SEK 48.60 per share on the last trading day before the announcement, September 17, 2024.
It also reflects a premium of 27.7% over Fantasma's 30-day volume-weighted average price and 33.4% over the 90-day average price.
Fantasma's independent bid committee, composed of board members Antonia Svensson, Johan Styren, and Johan Köningslehner, recommends shareholders to accept the offer.
Their recommendation is supported by a fairness opinion from financial advisors Svalner Skatt & Transaktion KB, which states that the offer is financially fair.
The main shareholders controlling 50.79% of Fantasma, including Fredrik Johansson and KL Capital AB, have agreed to accept the offer, subject to certain conditions. EveryMatrix needs to acquire more than 90% of the shares to proceed with the acquisition.
The acceptance period for the offer is set from September 19, 2024, to October 10, 2024, with EveryMatrix reserving the right to extend this period. The completion of the transaction is subject to regulatory approvals and other customary conditions.
Previously, EveryMatrix has expanded its content supply through partnerships, including a recent collaboration with game studio Peter & Sons, providing a broader range of games for its iGaming platform CasinoEngine.
