More than £1bn wiped off Entain’s value as MGM hits brakes on takeover bid

Shares plummet 18% after US casino giant confirms it will not return with higher offer for US JV partner

Entain’s market cap fell dramatically by more than £1bn after MGM Resorts dropped its takeover interest in the FTSE 100 firm. Entain’s share price plunged 18% on the London Stock Exchange to £1,185p per share, reducing the operator’s market cap from around £8bn to £7bn, although the price has recovered slightly to 1,206p at the…

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