Z Capital Euro Palace Casino Download Partners Buys Affinity Gaming for $580 Million

26 novembro, 2019|

Z Capital Partners Buys Affinity Gaming for $580 Million New York-based equity that is private Z Capital Partners LLC will buy Nevada-headquartered casino operator Affinity Gaming for the euro palace casino terms and conditions approximate amount of $580 million, the two events announced in a Tuesday statement. Z Capital Partners is known to function as private equity administration unit of alternate investment manager Z Capital Group. Z Capital and its affiliates currently own a 41% stake in Affinity Gaming. Following announcement that is latest, it’s going to purchase the operator’s staying outstanding shares at a high price of $17.35 per share. Z Capital said on Tuesday that it will pay in money and that it happens to be given a $465-million debt funding dedication from Citizens Bank, N.A. with the aim. A special independent directors committee was formed by Affinity Gaming with the purpose of examining the potential transaction as well as bids euro palace online casino erfahrung from other interested parties and to advice the gambling operator’s Board of Directors after receiving a non-binding proposal of $15 per share from Z Capital. As revealed in yesterday’s statement, Z Capital increased its offer to $17.35 per share previously this month. The committee that is special figured a purchase deal with Z Capital had been the one that would gain Affinity Gaming and encouraged the Board to accept the proposition. Commenting on the latest announcement, David Reganato, Chairman of Affinity Gaming’s Board and particularly appointed committee, stated that the contract with Z Capital would bring significant value to shareholders and that it was the effect from the comprehensive consideration of Z Capital’s definitive offer. […]