MGM Resorts International Is Ready to Announce Recommended Public Offer to the Shareholders of LeoVegas

By | August 27, 2022

One of the leading and most famous US casino operators, MGM Resorts International has announced that the company has made another major move to expand its business.

Namely, at the beginning of this year, more precisely on May 2, 2022, MGM Casino Next Lion, LLC said that the brand published a suggested public offer to the shareholders of LeoVegas AB.

Shareholders were expected to offer their shares in LeoVegas to MGM at a price of SEK 61 in cash per share.

The document testifying to this offer was officially published on June 2, 2022.

The Offer Document contains the terms and conditions for the fulfillment of the offer. It also contains the receipt of all regulatory, governmental as well as similar clearances, necessary approvals, and other resolutions that are important for completing the transaction.

In summary, ‘’the conditions related to the receipt of all necessary regulatory governmental and similar clearances, approvals, and decisions’’ are fulfilled.

Also, the company stated that all other conditions stated in the Offer Document are still valid.

However, the acceptance period related to the Offer expires on August 30, 2022, which was also stated earlier.

Settlement for shares will be carried out later after the company officially announces that the conditions have been met.

If such an announcement is made by August 31, we can expect that the settlement will be started up 7-8 days later, ie September 7, 2022, or around that date.

Important Note

The company said in an official statement that the original news was published on the website in Swedish and English. In case there is any kind of discrepancy between the languages, the company said that readers rely on the Swedish language.

Important Deals That Marked Previous Year

At the end of last year, MGM Resorts International took another important step! The brand is said to have sold its Mirage Hotel & Casino in Las Vegas for $1.08bn in cash.

This amazing facility is now owned by one of the most famous B2B brands, Hard Rock International.

The property owner will continue to be owned by Vici Properties, while the casino operations will belong to Hard Rock.

The Mirage Hotel & Casino in Las Vegas property was established in 1989 and has been owned by MGM since 2000. This facility is located on the Las Vegas Strip in Las Vegas, Nevada.

However, we believe that more amazing news awaits us in the upcoming period!

Source:

‘’Mgm Resorts International Has Received Necessary Governmental Clearances For The Recommended Public Offer To The Shareholders Of Leovegas’’, investors.mgmresorts.com, August 19, 2022.

The post MGM Resorts International Is Ready to Announce Recommended Public Offer to the Shareholders of LeoVegas first appeared on RealMoneyAction.com.

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