Bridgepoint made a SEK9.19bn bid for Cherry.

A consortium led by Bridgepoint made a SEK9.19bn bid for Cherry, a Swedish gaming company. The consortium offered SEK87 per Cherry share, which represents a premium of 20% compared to the closing price of Cherry’s shares on Nasdaq Stockholm on 17 December 2018. The acceptance period for the Offer is expected to commence around 20 December 2018 and expire around 23 January 2019, subject to any extensions. “We also believe that many of the opportunities and challenges facing Cherry and its subsidiaries are easier to approach in a private setting and with a more favorable capital structure,” said Bridgepoint partner Mika Herold.