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BRIEF-Mgm Resorts International Announces Offer To Acquire Global Online Gaming Company Leovegas

reuters.com · 05/02/2022 01:33
BRIEF-Mgm Resorts International Announces Offer To Acquire Global Online Gaming Company Leovegas

Mgm Resorts International MGM:

  • ANNOUNCES OFFER TO ACQUIRE GLOBAL ONLINE GAMING COMPANY LEOVEGAS

  • OFFER FOR SEK 61.00 IN CASH PER SHARE

  • ACQUISITION WILL BE FINANCED WITH EXISTING CASH, IS EXPECTED TO BE ACCRETIVE TO CO'S EARNINGS AND CASH FLOW PER SHARE

  • OFFER EQUIVALENT TO A TOTAL TENDER VALUE OF APPROXIMATELY $607 MILLION

  • DEAL EXPECTED TO BE COMPLETED DURING SECOND HALF OF FISCAL YEAR 2022

Source text for Eikon: ID:nPn2VghLLa

Further company coverage: MGM