FDJ Unveils Intentions to Acquire Over 90% of Kindred Shares

La Française des Jeux (FDJ), the French gambling operator, has announced its plans to acquire more than 90% of the shares of Kindred, a prominent gambling company. The proposed offer stands at $12.47 per share, although the specific details of the transaction, including the total amount and the quantity of shares FDJ aims to obtain, have not been disclosed. Kindred's board of directors has unanimously recommended that noteholders accept the offer, and the offer is effective for a 39-week duration.

FDJ CEO Stephane Palles stated that, under the Kindred brand in France and Ireland, they will market various lotteries and offer betting services, emphasizing the strong synergy between the two companies.

Niels Anden, Palles' counterpart at Kindred, expressed that the proposal aligns with the company's objectives for financial and strategic growth in the international gambling market. In response to FDJ's proposition, Kindred will convene a special board meeting on March 15 for further deliberation.