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Great Canadian Gaming Receives All Regulatory Approvals for the Plan of Arrangement with an Affiliate of Apollo Funds
Great Canadian Gaming Receives All Regulatory Approvals for the Plan of Arrangement with ...
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[{"type":"text","content":"\n \n \n \n Great Canadian Gaming Receives All Regulatory Approvals for the Plan of Arrangement with an Affiliate of Apollo Funds\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 Sept. 10, 2021\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 all regulatory approvals required in connection with the previously announced plan of arrangement under section 288 of the Business Corporations Act (\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 ) at a price of\n \n C$45.00\n \n in cash per Share (the\n \n \"Arrangement\"\n \n ).\n \n \n \n Subject to the satisfaction of customary closing conditions, it is expected that the closing of the Arrangement (the\n \n \"Closing\"\n \n ) will occur on or about\n \n September 23, 2021\n \n .\n \n \n \n \"On behalf of the company's board of directors, I want to extend a sincere thank you to the entire Great Canadian team for their tireless efforts and dedication in not only supporting the significant amount of work undertaken to complete the Apollo transaction over the past ten months, but concurrently supporting the reopening of all of our properties across\n \n Canada\n \n ,\" stated\n \n Peter Meredith\n \n , the Company's Chairman.\n \n \n \n \"There was no playbook for our company to turn to in order to combat the unprecedented impact of the pandemic, but our team created a robust work plan to safely and successfully navigate through such turbulent times. To do this while also working to complete the Apollo transaction is truly remarkable and a testament to the commitment, work ethic and dedication of our management team,\" concluded Meredith.\n \n \n \n Concurrent with the anticipated closing date of\n \n September 23, 2021\n \n , the Company intends to d...