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Great Canadian board approves increased offer from Apollo Global Management

22nd December 2020 9:52 am GMT
Playtech

Apollo Global Management has increased its bid to acquire Toronto-listed Great Canadian Gaming Corporation ahead of tomorrow’s crucial vote.

Apollo offered to acquire the company at CAD$39 per share last month and has now increased its bid to $45 per share, as shareholders prepare to vote on the offer at a special meeting convened for December 23.

The amended purchase price represents a 15.4 per cent premium on the original bid and has secured the support of [...]

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