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NeoGames plans to takeover Aspire Global
After NeoGames‘ application for a takeover, Aspire Global is going to try to exclude its common shares from the Nasdaq’s list.
The news comes after NeoGames announced that the brand was prolonging the duration of acceptance for the suggestion to the rest shareholders from Aspire, which ended in June 14th.
The brand’s board continued the delisting procedure to facilitate a full takeover of NeoGames, collectively supporting the offer merger from the moment the news about the bid was reported.
NeoGames’ offer is 4.3 billion Swedish krona, 111 Swedish krona per share, but last month their share price rose by 270%.
In accordance with the new terms T. Maimon, the chief executive officer of Aspire Global, is going to keep leading the brand with a new position
“Aspire Global is a distinguished supplier, with the latest partnerships and agreements we are going to turn the company into a global leader. I have firm belief that both brands are combined with each other thanks to the good cultural ties developed during all these years of cooperating with each other, and that is going to contribute to a significant profit synergy effect.”
After releasing another linkup announcement in Aspire’s Q1 report, Maimon ensured that NeoGames’ deal was natural for them.
Later he added that at this moment Aspire Global is one of the main suppliers in the market, and by joining NeoGames, the brand is going to keep benefiting from its important strengths.