Entain experiences a setback as Eminence Capital, holding 6.5% of shares, announces closure after 27 years. Entain's stock on the LSE fell by 7.04% to 557.4p following the news.
Entain’s position on the stock market took a hit today with the news that one of its major shareholders, Eminence Capital, is winding down its operations after 27 years. By 12:20 GMT, Entain's stock on the LSE had dropped by 7.04% to 557.4p, reflecting market concerns over the potential impact of the hedge fund's exit.
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