December 18, 2018 / 7:20 AM / 3 months ago

Sweden's Cherry receives $1 bln takeover offer from Bridgepoint

Dec 18 (Reuters) - Swedish gaming company Cherry AB said on Tuesday that a consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash.

An independent committee of Cherry said it recommends shareholders accept the offer of 87 crowns in cash per share.

The offer represents a 20 percent premium to Cherry’s B shares closing price on Monday.

$1 = 9.0670 Swedish crowns Reporting by Izabela Niemiec; editing by Jason Neely

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