By SectorWire desk ·
The report said that Evolution EVO · SEK 800.00 2026-10-16 Data ended its proposed $85m purchase of Galaxy Gaming. Galaxy Gaming is due a $5.2m cancellation payment.
The cancelled purchase leaves Galaxy Gaming due a termination payment from Evolution.
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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.
The termination ends Evolution’s planned acquisition of Galaxy Gaming.
The merger ends while the companies’ existing commercial relationship continues.