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Great Canadian Securityholders Approve Plan of Arrangement With an Affiliate of Funds Managed by Affiliates of Apollo Global Management, Inc.
Great Canadian Securityholders Approve Plan of Arrangement With an Affiliate of Funds Man...
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[{"type":"text","content":"\n \n \n \n Great Canadian Securityholders Approve 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. 23, 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 at the virtual special meeting (the \"\n \n Meeting\n \n \") of shareholders and optionholders of the Company (together, the \"\n \n Securityholders\n \n \") held today, Securityholders voted in favour of a special resolution to approve the 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. (the \"\n \n Purchaser\n \n \"), an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its subsidiaries, \"\n \n Apollo\n \n \") 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 The special resolution approving the Arrangement was approved by: (i) 79.44% of the votes cast by shareholders; (ii) 79.4% of the votes cast by the shareholders, excluding the votes cast by such shareholders that are required to be excluded pursuant to Multilateral Instrument 61-101 -\n \n Protection of Minority Security Holders in Special Transactions\n \n ; and (iii) 80.42% of the votes cast by Securityholders (voting together as a single class). A detailed voting report will be filed under the Company's issuer profile on SEDAR at\n \n \n www.sedar.com\n \n \n .\n \n \n Completion of the Arrangement is subject to the satisfaction or waiver of customary closing conditions, including the approval and issuance of a final order by the Supreme Court of\n \n British Columbia\n \n (the \"\n \n Court\n \n \"). The Company intends to apply for a final order of the Court approving the Arrangement on\n \n December 30,...