Greater than ₤ 1bn wiped off Entain’s worth as MGM strikes brakes on requisition quote

January 20, 2021 by No Comments

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 …