Allwyn and Cohn Robbins merger off

A proposed merger between lottery operator Allwyn and special purpose acquisition company Cohn Robbins is now off.   As a result, Allwyn will stay a private company; it remains, however, “committed” to joining the public market in due course.   The lottery operator says that despite strong indications of support from investors regarding the potential merger, the proposal comes at a time of “significant” market ...