Evolution board urges shareholders to turn down Candle Lake’s SEK695-per-share bid
By SectorWire desk ·
Summary
Evolution EVO · SEK 800.00 2026-10-16 Data’s board advised shareholders against accepting Candle Lake’s takeover bid on 25 August 2026. Directors said the SEK695-per-share offer undervalues Evolution, while its shares traded at approximately SEK833. Candle Lake said it does not aim to buy every outstanding share; shareholders have until 15 September to accept.
Why it matters
Shareholders face an offer below Evolution’s current trading price, with the board advising them to decline.