By SectorWire desk ·
The report said that Evolution EVO · SEK 800.00 2026-10-16 Data chief executive Martin Carlesund indicated the company might abandon its proposed $85m Galaxy Gaming purchase. The closing period expires on 17 July, when either party can terminate the agreement.
The transaction faces possible termination as its agreed closing period expires.
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The statement points to activity outside licensed channels in some regulated markets.
The supplier plans no UK strategic change following the settlement.
The filing brings Evolution’s regulatory settlement and abandoned acquisition into the dispute.
The acquisition will not proceed and Evolution must pay Galaxy Gaming a termination fee.
The termination removes the planned combination of Evolution and Galaxy Gaming.
The authorisation permits Galaxy Gaming to repurchase shares following the cancelled merger.