(Reuters) -Shares of UK's Ten Entertainment soared 31% to a record-high on Wednesday after the bowling venue operator agreed to a 287 million pound ($361.53 million) buyout deal from U.S. private equity firm Trive Capital.
The company's shareholders will receive 412.5 pence in cash for each share held, which represents a premium of about 33% to the stock's last closing price.
Directors intend to recommend shareholders vote in favour of the deal, Ten Entertainment said in a statement.
The London-listed firm's shares, a component of the FTSE small-cap index, were up to 408 pence in early trading and set for the biggest one-day percentage gain ever, if the trends hold.
Ten Entertainment, which went public in 2017 and operates around 52 centres in the UK, has seen growth in sales amid a surge in post-pandemic demand for in-person leisure experiences.
Shares of peer Hollywood Bowl were also up 4.8% on the day.
($1 = 0.7938 pounds)