EveryMatrix has announced a public offer to acquire all shares in Fantasma Games AB, a Sweden-based developer of online casino games, for SEK 59 ($5.79) per share in cash.
The offer values the company at approximately SEK 209.8m. Fantasma’s shares are listed on the Nasdaq First North Growth Market.
The offer price represents a 21.4% premium compared to the closing price of SEK 48.60 per share on 17 September 2024, the last trading day before the announcement.
It also reflects a 27.7% premium over the 30-day volume-weighted average price and a 33.4% premium over the 90-day average price of Fantasma’s shares.
Fantasma’s independent bid committee, composed of board members Antonia Svensson, Johan Styren and Johan Köningslehner, has recommended that shareholders accept the offer.
Their recommendation is supported by a fairness opinion from financial advisors at Svalner Skatt & Transaktion KB, which stated the offer is fair from a financial perspective.
Major shareholders controlling 50.79% of Fantasma’s shares, including Fredrik Johansson and KL Capital AB, have agreed to accept the offer, contingent on certain conditions. EveryMatrix will need to secure more than 90% of the shares for the acquisition to proceed.
The acceptance period for the offer is scheduled to run from 19 September to 10 October 2024, though EveryMatrix reserves the right to extend this period. The completion of the deal is subject to regulatory approvals and other customary conditions.
EveryMatrix has previously expanded its content offering through partnerships, including a recent extension with game studio Peter & Sons, which provided access to a broader range of titles for its iGaming platform, CasinoEngine.
