25 AugDeals & M&A
Evolution board urges shareholders to turn down Candle Lake’s SEK695-per-share bid
Shareholders face an offer below Evolution’s current trading price, with the board advising them to decline.
Candle Lake
Business and regulatory developments involving Candle Lake. Open in the feed
Add it to your personal digest. Manage your digest
Company dossier
Licensing, commercial relationships and regulatory developments.
Relationships
Reported licences, deals, appointments and other connections. Follow the entry links for context.
Timeline
Newest first, grouped by month.
August 2026
24 AugDeals & M&A
Evolution rejects Candle Lake’s $13.8bn mandatory takeover bid
Evolution’s board rejection signals to investors that it considers Candle Lake’s mandatory takeover offer below the company’s value.
14 AugDeals & M&A
Candle Lake makes mandatory $13.8bn offer for Evolution
Crossing the ownership threshold required Candle Lake to make a takeover offer.
14 AugDeals & M&A
Candle Lake launches mandatory cash offer for Evolution
The mandatory offer gives remaining Evolution shareholders a proposed cash exit.
July 2026
28 JulDeals & M&A
Candle Lake raises Evolution stake above mandatory-offer threshold
The shareholding increase triggers a takeover-offer obligation for Candle Lake.
27 JulDeals & M&A
Candle Lake triggers mandatory Evolution offer requirement
The increased stake requires Candle Lake to make an offer or cut its ownership.
Connected to
Relationships extracted from our entries: partners, suppliers, investors, licensing and markets.
Invested in
Timeline
Key developments by month.
- Aug 2026
- Deals & M&A Evolution board urges shareholders to turn down Candle Lake’s SEK695-per-share bid
- Deals & M&A Evolution rejects Candle Lake’s $13.8bn mandatory takeover bid
- Deals & M&A Candle Lake makes mandatory $13.8bn offer for Evolution
- Deals & M&A Candle Lake launches mandatory cash offer for Evolution
- Jul 2026
Relationship explorer
Select a connection to read its reporting, then follow the next entity.