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Canada – Thỏa thuận mua Great Canadian của Apollo được Cơ quan đầu tư Canada thông qua
By Phil - Ngày 6 tháng 2021 năm XNUMX
Apollo Global Management’s deal to buy Great Canadian Gaming Corp. has been approved by Investment Canada.
It follows approvals in December from the Supreme Court of British Columbia as well as approval from the Competition Act.
The transaction is now expected to close in the second quarter of 2021. It is anticipated that the Shares will be delisted from the Toronto Stock Exchange and the Company will apply to cease to be a reporting issuer under applicable Canadian securities laws.
Only three of Great Canadian’s 26 casinos are currently open after it was forced to shut venues in including Elements Casino Grand River and Shorelines Casino Belleville. Of the casinos still open two are in Nova Scotia and one is in New Brunswick.
Apollo Global Management had to increase its takeover offer by 15.4 per cent after a group of shareholders threatened to block the original deal but the new deal was approved by around 75 per cent of the shareholders.
Peter Meredith, Chủ tịch Hội đồng quản trị của Great Canadian, cho biết: “Giá mua tăng lên 45 đô la Canada trên mỗi cổ phiếu sẽ mang lại giá trị lớn hơn cho các cổ đông, đồng thời Công ty và Hội đồng quản trị đánh giá cao sự hỗ trợ của một số cổ đông tổ chức lớn nhất của Great Canadian đối với Giao dịch này.”
Apollo Partner Alex van Hoek added: “Based on Apollo’s considerable experience in the gaming space, we see significant opportunity for Great Canadian to grow the business and bring an enhanced experience to guests as a privately held company with a longer-term view of success. As sponsors, we’re committed to providing Great Canadian with the financial and strategic flexibility to successfully manage COVID-19 challenges and accelerate future growth and innovation as the market leader in Canada.”
