Entain plunges as MGM walks away from takeover talks
Shares in Ladbrokes and Coral-owner Entain (ENT) have plunged almost 15% to £12.06 as US casino operator MGM shocked investors by calling off takeover talks two weeks after its £8 billion bid was rejected.
The all-share offer had valued the FTSE 100 gaming and sports-betting company at approximately £13.83 per share, or £8.1 billion. But the deal would have left current Entain shareholders ...