The Ladbrokes and Coral owner Entain is to appoint an activist investor to its board as it fights to quell a growing shareholder rebellion.
The FTSE 100 bookmaker is closing in on a peace deal with its Wall Street critic Ricky Sandler in a move that could also stoke fresh hopes of Entain being subject to a multibillion-pound takeover bid.
Sandler, founder of Eminence Capital, is expected to be unveiled as an Entain director by the end of the year, according to sources familiar with the situation. Eminence owns about 5 per cent of Entain and is one of four activist investors to have emerged on the company’s share register this year.
The expected appointment of Sandler comes days after Jette Nygaard-Andersen quit as chief
