Inactive Instrument

Ten Entertainment Group plc

TEG

GB00BF020D33

Ten Entertainment shareholders back takeover by Neon Buyer

January 12, 2024 at 06:38 am EST

Ten Entertainment Group PLC - a ten-pin bowling operator - Shareholders approve takeover by Neon Buyer at general meeting and court meeting. Ten Entertainment expects the takeover to close in the first quarter of 2024. Ten Entertainment in December said Neon Buyer will pay 412.5 pence per share, a 33% premium to its 310p closing price a day before the offer. The deal values Ten Entertainment at GBP287 million on a fully-diluted basis. Neon Buyer is a vehicle indirectly owned by investment funds advised by Trive Capital Partners.

Current stock price: 412.00 pence, up 0.2% on Friday

12-month change: up 42%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Latest news about Ten Entertainment Group plc

Trive Capital’s Acquisition of Ten Entertainment Group Becomes Effective	Jan. 23	MT
Ten Entertainment Group plc(LSE:TEG) dropped from FTSE All-Share Index	Jan. 23	CI
Trive Capital Fund IV LP and Trive Capital Fund IV-A LP managed by Trive Capital Management LLC completed the acquisition of Ten Entertainment Group plc (LSE : TEG) from Graham Blackwell, Antony Smith, Adam Bellamy, Julie Sneddon, Christopher Mills and others.	Jan. 22	CI
Court sanctions acquisition of Ten Entertainment by Neon	Jan. 19	AN
Ten Entertainment Group's Takeover by Trive Capital Secures Court Approval	Jan. 19	MT
Ten Entertainment Group Shareholders Approve Trive Capital’s GBP287 Million Bid	Jan. 12	MT
Ten Entertainment shareholders back takeover by Neon Buyer	Jan. 12	AN
Bernstein raises Unilever but Jefferies cuts	Dec. 11	AN
GSK drug gets EU endorsement; Begbies backs outlook	Dec. 11	AN
UK equities follow Wall St higher, BAT sinks on big write-down	Dec. 06	RE
FTSE 100 Closes Wednesday Up as Basic Resources Sector Bounces Back	Dec. 06	DJ
Stocks in Europe boosted by dovish rhetoric	Dec. 06	AN
Stocks rise amid dovish Fed, ECB expectations	Dec. 06	AN
Bowling alleys rise; Tharisa shares fall	Dec. 06	AN
UK's FTSE 100 up on mining boost; BAT tanks	Dec. 06	RE
Ten Entertainment Group Soars on GBP287 Million Takeover Offer from Trive Capital	Dec. 06	MT
Ten Entertainment agrees to GBP287 million takeover	Dec. 06	AN
Cooler US job openings data lifts FTSE; BAT slides	Dec. 06	AN
Bowling venue operator Ten Entertainment's shares soar after $362 mln buyout deal	Dec. 06	RE
BAT plots "smokeless" focus; Tui mulls LSE exit	Dec. 06	AN
Trive Capital Partners LP agreed to acquire Ten Entertainment Group plc (LSE : TEG).	Dec. 05	CI
Trive Capital, A US-Based Buyout Firm, Is In Advanced Talks To Buy Ten Entertainment For 300 Mln Stg- Sky News	Dec. 05	RE
Trive Capital Reportedly in Advanced Talks to Buy Ten Entertainment for £300 million	Dec. 04	CI
The FTSE 100 Closes Up on Eased Oil Prices, Anticipation Over US Interest Rates Decision	23-09-20	DJ
Dianomi swings to loss; Epwin revenue up	23-09-20	AN

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Company Profile

Ten Entertainment Group PLC is a United Kingdom-based operator of entertainment centers. The Company operates approximately 49 centers in the United Kingdom. It offers a range of complementary entertainment options, including the Hyperbowling experience, Sector 7 laser arenas, a range of Houdini's escape rooms, karaoke, arcades, American pool tables, table tennis, soft play and a great food and drink offering. Its core bowling proposition is supplemented by a range of complementary family-focused entertainment options that offer a variety of activities in addition to bowling. It operates through two segments: Tenpin Limited, which is a tenpin bowling operator in the United Kingdom, and Central segment, which comprises company secretarial work. In addition to over 1,170 bowling lanes across its estate, it offers a range of complementary entertainment options, including 373 pool tables, 32 karoake rooms, 32 escape rooms, 17 laser tag arenas, and four soft play areas.

Sector

Leisure & Recreation

Calendar

2024-09-17 - Q2 2024 Earnings Release (Projected)

More about the company

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