Bally’s Intralot faces 5pm deadline on evoke offer
Bally’s Intralot had until 5pm GMT on 18 May to announce a firm intention to bid for evoke or withdraw, under the UK Takeover Code, according to reports. The companies had been discussing an indicative 50p-per-share proposal that valued evoke at about £225m; evoke said discussions were ongoing.
The deadline determines whether the proposed acquisition proceeds to a firm offer or is withdrawn.