Greater than ₤ 1bn wiped off Entain’s worth as MGM strikes brakes on requisition quote
January 20, 2021
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Shares plummet 18 %after US casino site giant validates it will not return with higher offer for United States
JV partner Entain’s market cap fell dramatically by more than ₤ 1bn after MGM Resorts dropped its requisition interest in the FTSE 100 company. Entain’s share cost plunged 18% on the London Stock Exchange to ₤ 1,185 p per share, minimizing the driver’s market cap from around ₤ 8bn to ₤ 7bn, although the price has actually recouped somewhat to 1,206 p at the …