The Great Canadian Gaming Corporation recently made an important announcement about its future, but there was strong opposition shortly after the news broke. Minority shareholders recently expressed their position regarding the acquisition of a C$2.1 billion casino operator by a U.S. private equity firm. Apollo Global Management Inc. is poised to acquire a game leader.

I'm investing in Canada's gaming industry because I've seen one of the major players sign a final contract for a purchase. The casino operator will be acquired by Apollo Global Management, which works to improve gambling and service potential. The acquisition will amount to about C$2.1 billion in Great Canada Gaming common stock.

Immediately after the decision was released, every detail around it was thoroughly reviewed. With the support of shareholders, casino operators may be on the verge of a completely new era of business. That would make Canada's largest casino operator owned by a U.S.-based private equity firm, further supporting its growth.

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Some minority shareholders of Great Canadian Gaming were quick to voice their position on the final agreement announced. Bloombergson Investment Partners was among the shareholders who opposed the decision. The Toronto-based investment company owns about 14% of its casino leaders. It recently pointed out that the proposed payment from Apollo Global Management will not be profitable in the future.

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You may remember that the final settlement involves a payment of C$39 for each Great Canadian Gaming share. Minority shareholders have pointed out that the amount will not reach true long-term value and will eventually hurt shareholders. Canadian investment firms are likely to vote against the casino operator's takeover.

a post-announcement backlash

Other minority shareholders have also expressed their positions and action plans on the subject. Madison Avenue Partners and Break Fluent Capital also own stakes in Great Canadian Gaming and have indicated they will vote against the acquisition if they have the opportunity. In December 2020, a special shareholders meeting will be held to see the vote on the subject.

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The information announcement will include more information about the deal, and all Great Canadian Gaming shareholders will have the opportunity to look at it. Regulators will also have the opportunity to vote on the $2.1 billion measure. Smaller investors also argued that casino operators should have looked into alternative acquisition offers offered by other companies to give shareholders a choice.

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Apollo Global Management's offer per share jumped 35%, but minority shareholders expected more. Ahead of this final agreement, independent directors did not consider alternative offers from potential investors, said Rod Baker, CEO of Great Canadian Gaming. He strongly supports this as a step in the right direction for casino leaders.  카지노사이트 순위