The proposed all-share combination of Flutter Entertainment (FLTR) and The Stars Group (CN:TSGI) was announced in October. The tie-up would see Stars shareholders receive 0.2253 Flutter shares in exchange for each Stars share. Flutter shareholders would own 55 per cent of the enlarged group.
IC TIP:
Accept
at
7,024p
Having already received Australian regulatory approval, the £10bn merger has now been cleared by the UK’s Competition and Markets Authority (CMA) following a phase one investigation.
