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Great Canadian Announces Court Approval of the Plan of Arrangement with an Affiliate of Funds Managed by Affiliates of Apollo Global Management, Inc.
Great Canadian Announces Court Approval of the Plan of Arrangement with an Affiliate of F...
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[{"type":"text","content":"\n \n \n \n Great Canadian Announces Court Approval of the Plan of Arrangement with an Affiliate of Funds Managed by Affiliates of Apollo Global Management, Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Dec. 30, 2020\n \n /CNW/ - Great Canadian Gaming Corporation (TSX: GC) (\"\n \n Great Canadian\n \n \" or the \"\n \n Company\n \n \") today announced that it has received approval from the Supreme Court of\n \n British Columbia\n \n (the \"\n \n Court\n \n \") of the statutory plan of arrangement under section 288 of the\n \n Business Corporations Act\n \n (\n \n British Columbia\n \n ), pursuant to which Raptor Acquisition Corp., an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) will acquire all the issued and outstanding common shares of the Company (the \"\n \n Shares\n \n \") for\n \n C$45.00\n \n in cash per Share (the \"\n \n Arrangement\n \n \").\n \n \n Assuming that the remaining conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is expected that the closing of the Arrangement will be completed in the second quarter of 2021.  Following completion of the Arrangement, 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.\n \n \n \n ABOUT GREAT CANADIAN GAMING CORPORATION\n \n \n \n Founded in 1982, Great Canadian is an\n \n Ontario\n \n based company that operates 26 gaming, entertainment and hospitality facilities in\n \n Ontario\n \n ,\n \n British Columbia\n \n ,\n \n New Brunswick\n \n , and\n \n Nova Scotia\n \n . Fundamental to the Company's culture is its commitment to social responsibility. \"PROUD of our people, our business, our community\" is Great Canadian's brand that unifies the Company's community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually supports over 1,400 charitable and non-profit organizations across\n \n...