Evolution stock gains after bid rejection as share price nears SEK 900

Published on 09/16/2026 at 17:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evolution stock is trading just below SEK 900 as of September 16, 2026, after investors largely rejected a mandatory takeover offer at SEK 695 per share. The strong price move leaves the stock more than 42.6% above its start-of-year level and near its recent 5-day high.

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Evolution AB (ISIN SE0012673267) stock is trading just below SEK 900 on Nasdaq Stockholm as of September 16, 2026, with the share price up 42.65% since the beginning of the year according to MarketScreener on September 16, 2026.

Takeover offer rejected by shareholders

According to MarketScreener on September 16, 2026, only a small number of Evolution shares have been tendered into a mandatory public takeover offer launched by Candle Lake, despite a formal bid price of SEK 695 per share.

The same report states that the SEK 695 bid level was already below the market quotation at the time the offer was presented, and since then Evolution stock has gained further momentum, with the shares now trading just under SEK 900, a level that implies roughly a 29.5% premium to the offer price based on the current trading range.

Strong year-to-date rally and valuation context

MarketScreener reports that Evolution stock has risen 42.65% since January 1, 2026, highlighting the strength of the rally relative to the takeover offer and to broader sector performance.

The same source shows a recent 5-day change of 0.97%, indicating that the bulk of the performance has been built over the year rather than in the very short term, while the last closing price translated into 78.87 euros gives investors an additional reference point when comparing Evolution with euro-denominated peers in the European gaming and technology space.

Stock near recent highs on September 16, 2026

Per the intraday snapshot quoted by MarketScreener on September 16, 2026, Evolution shares are changing hands at approximately SEK 898.60, just below the stated level of SEK 900 that the report highlights as the current trading area.

With this price standing well above the SEK 695 offer and with year-to-date performance north of 40%, the market is clearly assigning a higher standalone value to Evolution than the bidder was prepared to pay, which is why the low acceptance of the offer has become a key factor in the current investment story.

Latest price level and investor takeaway

On Nasdaq Stockholm, Evolution stock can be referenced around SEK 898.60 as of September 16, 2026, based on the same data from MarketScreener, leaving the stock close to its recent trading highs and significantly above the rejected takeover price.