BRIEF-Gateway Casinos & Entertainment Ltd Says Co to Combine With Leisure Acquisition Corp In A $1.1 Bln Deal
BRIEF-Gateway Casinos & Entertainment Ltd Says Co to Combine With Leisure Acquisition Corp In A $1.1 Bln Deal
Dec 27 (Reuters) - Gateway Casinos And Entertainment Ltd :
* GATEWAY CASINOS & ENTERTAINMENT LIMITED AND LEISURE ACQUISITION CORP. TO COMBINE IN TRANSACTION VALUED AT US$1.1 BILLION (C$1.5 BILLION)
* LEISURE WILL MERGE INTO A WHOLLY-OWNED SUBSIDIARY OF GTWY
* HG VORA CAPITAL MANAGEMENT AFFILIATES SUPPORTING TRANSACTION THROUGH $30 MILLION EQUITY COMMITMENT
* GATEWAY CASINOS AND ENTERTAINMENT-MARC FALCONE, LONG-TIME GAMING INDUSTRY OPERATOR AND INVESTOR, TO JOIN GATEWAY AS PRESIDENT AND CEO
* UPON FALCONE'S APPOINTMENT BECOMING EFFECTIVE, TONY SANTO, GATEWAY'S CURRENT CEO, WILL RETIRE FROM CO
* GATEWAY CASINOS AND ENTERTAINMENT- WARRANTS TO PURCHASE LEISURE SHARES TO BE CONVERTED INTO WARRANTS TO PURCHASE SHARES OF GTWY AT $11.50/SHARE
* GATEWAY CASINOS AND ENTERTAINMENT - EXISTING GTWY SHAREHOLDERS ARE EXPECTED TO REMAIN, ALTOGETHER, LARGEST SHAREHOLDERS OF COMBINED COMPANY
* TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH LEISURE AND GTWY
* MORGAN STANLEY & CO. LLC. ACTED AS M&A ADVISOR TO GATEWAY
* CREDIT SUISSE ACTED AS M&A ADVISOR TO LEISURE
Source text for Eikon: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;)
路透12月27日電-Gateway Casinos and Entertainment Ltd：*Gateway Casinos&Entertainment Limited和休閒收購公司(Gateway Casinos&Entertainment Limited)合併交易價值11億美元(15億加元)*休閒將合併為GTWY的全資子公司*HG Vora資本管理附屬公司通過3000萬美元的股權承諾支持交易*Gateway賭場和娛樂-長期從事博彩業運營和投資者的Marc FALCONE將加盟Gateway擔任總裁兼首席執行官*FALCONE的任命生效後，Gateway現任首席執行官Tony Santo將從CO退休*門户賭場和娛樂-購買休閒股票的權證將轉換為購買GTWY股份的權證，價格為每股11.50美元*門户賭場和娛樂-GTWY現有股東預計仍將是合併後公司的最大股東*交易已獲得休閒和GTWY董事會的一致批准*摩根士丹利律師事務所有限責任公司。擔任門户的併購顧問*瑞信擔任休閒併購顧問Eikon的源文本：進一步的公司報道：(Reurs.Briefs@thomsonreurs.com；)
譯文內容由第三人軟體翻譯。