By The Weekly Edge desk ·
SBC News reported that Candle Lake offered SEK695 per share for Evolution EVO · SEK 800.00 2026-10-16 Data’s outstanding shares after its holding exceeded 30%. The offer values Evolution at approximately SEK131.7bn, with Candle Lake controlling 31.56%.
The mandatory offer gives remaining Evolution shareholders a proposed cash exit.
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Shareholders face an offer below Evolution’s current trading price, with the board advising them to decline.
Evolution’s board rejection signals to investors that it considers Candle Lake’s mandatory takeover offer below the company’s value.
Crossing the ownership threshold required Candle Lake to make a takeover offer.
The shareholding increase triggers a takeover-offer obligation for Candle Lake.
The increased stake requires Candle Lake to make an offer or cut its ownership.
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