Aspire Global’s Bidding Committee has recommended that shareholders accept NeoGames’ offer to acquire the company at $12.29 per share.<\/p>\n\n\n\n
The takeover bid was made by NeoGames to Aspire shareholders last Monday, the 17th, to bid all of their shares in the company to NeoGames in return for a combination of cash and newly issued shares.<\/p>\n\n\n\n
Aspire issued a statement: “The major shareholders of Aspire Global, who collectively own shares corresponding to 66.96% of all shares and votes in Aspire Global, have entered into irrevocable commitments that allow the other shareholders of Aspire Global to offer their shares to the NeoGames and receive 100% cash consideration corresponding to $12.29 per share offered on Aspire Global, representing a 41% premium compared to the current closing price per share of Aspire Global.”<\/p>\n\n\n\n
“Aspire is a leading high-quality provider with a unique space in the regulated gaming industry,” said Aspire Global CEO Tsachi Maimon. “Following the acquisition of Btobet, Pariplay, the recent investment in bingo<\/a> and the divestiture of the B2C division and now this potential merger with NeoGames, we will create a leading global provider in the iGaming<\/a> and iLottery space.”<\/p>\n\n\n\n “I firmly believe that the two companies are well equipped with a strong cultural connection forged over many years of working together, which will facilitate significant revenue synergies,” concluded Maimon.<\/p>\n\n\n\n