By SectorWire desk ·
The report said that Evolution EVO · SEK 800.00 2026-10-16 Data gave notice ending its Galaxy Gaming merger agreement. Evolution agreed to a $5.2m termination fee.
The termination ends the planned merger and creates a fee obligation.
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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 cancelled purchase leaves Galaxy Gaming due a termination payment from Evolution.
The termination ends Evolution’s planned acquisition of Galaxy Gaming.