By The Weekly Edge desk ·
CDC Gaming reported that Galaxy Gaming’s board authorised repurchases of up to $4m in common shares after its Evolution EVO · SEK 800.00 2026-10-16 Data merger ended. Evolution acknowledged a $5.2m termination payment obligation to Galaxy.
The authorisation permits Galaxy Gaming to repurchase shares following the cancelled merger.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
Shareholders face an offer below Evolution’s current trading price, with the board advising them to decline.
Evolution’s board rejection signals to investors that it considers Candle Lake’s mandatory takeover offer below the company’s value.
Crossing the ownership threshold required Candle Lake to make a takeover offer.
The filing brings Evolution’s regulatory settlement and abandoned acquisition into the dispute.
The shareholding increase triggers a takeover-offer obligation for Candle Lake.
The increased stake requires Candle Lake to make an offer or cut its ownership.