Kindred Group plc to make a GBP 175.6m recommended cash offer for 32Red plc
The boards of Kindred Group and 32Red have reached an agreement on the terms of a recommended cash offer (“Offer”) pursuant to which Kindred Group will acquire the entire issued and to be issued share capital of 32Red. The Offer values 32Red at GBP 175.6m. 32Red is listed on the AIM market of the London Stock Exchange. This transaction is consistent with Kindred’s multi-brand strategy and will further enhance Kindred’s position in the online casino market in the UK.Founded in 2002, 32Red is a Gibraltar-based online gaming company, operating online casino, online poker, online bingo and