The Ladbrokes and Coral operator, Entain has received all the necessary regulatory approvals to proceed with Enlabs acquisition.
Entain had submitted an offer to acquire Enlabs in a cash deal which was valued at SEK 2.8bn ($328.4m), in early January.
However, the minority shareholders with an 11% stake of the Baltics operator had rejected the said proposal.
The shareholder Alta Fox Capital Management having 3% share of Enlabs had called the offer “materially undervalued”.
As per Gambling Insider, an Entain statement said: “As previously announced, the acceptance period under the offer will expire on 18 March 2021, 17.00 CET. Entain reserves the right to extend the acceptance period of the offer as well as to postpone the date of settlement.”