The company owns 26 gaming, entertainment, and hospitality … Prior to the buyout, Great Canadian Gaming’s stock had been down nearly 50%. Shareholders voted in favour of Apollo Global Management takeover of Great Canadian Gaming Corp for $1.9 billion following weeks of opposition towards the deal until the equity firm upped its offer by 15%.. A total of 79% of shareholder votes approved the deal which only two thirds of shareholders are needed to formalise the sale which is now expected to be finalised in the second … The approval comes just days after Apollo hiked its bid by 15% to win over key holdouts in the shareholder vote. Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favour of a sweetened deal that would see Apollo Global Management Inc buy the Canadian … (Reuters) - Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favor of a sweetened deal that would see Apollo Global Management Inc buy the Canadian casino operator for C$2.52 billion ($1.96 billion). About 79% of Great Canadian Gaming shareholders approved the deal, which is expected to close in the second quarter of 2021. About 79% of Great Canadian Gaming shareholders approved the deal, which is expected to close in the second quarter of 2021. About 79% of Great Canadian Gaming shareholders approved the deal, which is expected to close in the second quarter of 2021. Apollo Global Management has increased its offer for Great Canadian Gaming Corporation (GCGC) by 15.4% after major shareholders in the firm threatened to torpedo its £1.9bn takeover bid. New York-based hedge fund Apollo Global Management has won over key investors in its bid to take Great Canadian Gaming Corp. private, after raising its offer to $45 per share. Apollo Global earlier this week agreed to increase its offer price to C$45 per share in cash from the previous offer of C$39 per share, which helped in gaining the support of shareholders who initially opposed the deal, including CI Global Asset Management. Great Canadian Gaming Corp. ( OTCPK:GCGMF) offers potential downside of -40% to -64% from its current price of $55.54/shr. ABOUT GREAT CANADIAN GAMING CORPORATION . (Reuters) - Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favor of a sweetened deal that would see Apollo Global Management Inc buy the Canadian casino operator for C$2.52 billion ($1.96 billion). The new price represents a 15.4 per cent increase over its previous offer of $39 per share, enough to win support from major shareholders like Toronto-based hedge fund BloombergSen, which had threatened to oppose … The existing Articles of Great Canadian Gaming Corporation (the “Company”) consolidated to include the have been amendments approved by shareholders at the Company’s June 23, 2010 Annual General and Special Meeting and the amendments approved by shareholders at the Company’s Annual General and Special Meeting held on May 10, 2016, to Investors who own large blocks of Great Canadian Gaming Corp. plan to vote against Apollo Global Management Inc.’s $2.5 billion offer for the casino company, according to … Great Canadian Gaming faces greater opposition from shareholders who complain that the price is too low given the company’s control over casinos in the Greater Toronto Area. The US-based asset management firm originally offered to purchase outstanding common shares in the business at C$39 (£23) per share, but it has since increased that offer… Great Canadian shares were trading at around $43.50 Monday morning on the Toronto Stock Exchange, up nearly 17 per cent from their Friday closing price of $37.24. Apollo Global earlier this … Great Canadian Gaming Corporation Enters Definitive Agreement to Be Acquired by Funds Managed by Affiliates of Apollo Global Management for C$39.00 Per Share Great Canadian shares closed at $37.24 on the Toronto Stock Exchange on […] TORONTO — Great Canadian Gaming Corp. says Apollo Global Management Inc. has raised its takeover offer for the casino operator, winning key shareholder support. Every investor in Great Canadian Gaming Corporation should be aware of the most powerful shareholder groups.Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. In depth view into Great Canadian Gaming Shareholders Equity (Quarterly) including historical data from 2008, charts, stats and industry comps. GCGC operates 26 gaming properties Canada including 12 in the Ontario province. TORONTO — Great Canadian Gaming Corp. says Apollo Global Management Inc. has raised its takeover offer for the casino operator, winning key shareholder support. The company says Apollo will now pay $45 per share, up from its earlier offer of $39 per share. About 79% of Great Canadian Gaming shareholders approved the deal, which is expected to close in the second quarter of 2021. Founded in 1982, Great Canadian Gaming Corporation is an Ontario based company that operates 26 gaming, entertainment and hospitality facilities in Ontario , British Columbia , New Brunswick , and Nova Scotia . New York-based hedge fund Apollo Global Management has won over key investors in its bid to take Great Canadian Gaming Corp. private, after raising its offer to $45 per share. New owner expected to maintain great Canadian attractions as Moose Chip Bingo, Molson Roulette, and nightly performances of the Windsor Ballet ( reuters.com) » Fandom "How a dark, time traveling fantasy game became the original Fallout" ( kotaku.com) » “Great Canadian's Board of Directors, based on a recommendation from the Special Committee of independent directors, unanimously recommends shareholders vote in favour of the transaction,” said Great Canadian Gaming Chairman Peter Meredith. About 79% of Great Canadian Gaming shareholders approved the deal, which is expected to close in the second quarter of 2021. About 79% of Great Canadian Gaming shareholders approved the deal, which is expected to close in the second quarter of 2021. Apollo Wins Shareholders' and Regulatory Approval for Great Canadian Gaming Takeover Updated December 31, 2020. My analysis of government released … Greg Dean, portfolio manager at CI Global Asset Management joins BNN Bloomberg to discuss why they have committed to vote in favour of the Great Canadian Gaming transaction at a purchase price of $45 per share. New York-based hedge fund Apollo Global Management has won over key investors in its bid to take Great Canadian Gaming Corp. private, after raising its offer to $45 per share. Apollo Global Management Inc.'s improved offer for Great Canadian Gaming Corp. finally won key shareholder approval at GCGC's Dec. 23 shareholders meeting. The new price represents a 15.4 per cent increase over its previous offer of $39 per share, enough to win support from major shareholders like Toronto-based hedge fund BloombergSen, which had threatened to oppose … (Reuters) – Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favor of a sweetened deal that would see Apollo Global Management Inc buy the Canadian casino operator for C$2.52 billion ($1.96 billion). Apollo Global Management Inc. increased its offer for casino operator Great Canadian Gaming Corp. by 15%, winning over a group of shareholders that had threatened to block the deal. In a letter, Burgundy Asset Management, the third largest Canadian shareholder with 9.5%, announced its intention to vote against the deal, announced earlier this month. Fundamental to the Company's culture is its commitment to social responsibility. Great Canadian Gaming gets shareholders to agree to $2 billion buyout. TORONTO - Great Canadian Gaming Corp.'s chief executive officer faced a barrage of questions Wednesday from some of its minority shareholders who oppose the casino operator's acceptance of a $3.3 Dec 23 (Reuters) - Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favor of a sweetened deal that would see Apollo Global Management Inc buy the Canadian casino operator for C$2.52 billion ($1.96 billion). Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favor of a sweetened deal that would see Apollo Global Management Inc buy the Canadian … Originally they were not in favour of the deal as they felt the offer fell short. Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favor of a sweetened deal that would see Apollo Global Management Inc buy the Canadian casino operator for C$2.52 billion ($1.96 billion). Companies that have been privatized tend to have low insider ownership. Great Canadian Gaming Corp.'s agreement to be acquired for $3.3 billion by a U.S. private equity firm was quickly rejected Wednesday by some of the casino operator's minority shareholders. Great Canadian Gaming has received shareholder approval of Apollo Global Management’s $1.96 billion buyout of the company. About 79% of Great Canadian Gaming shareholders approved the deal, which is expected to close in the second quarter of 2021.
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