The Philippines’ leading casino resort operator Okada Manila has entered into a merger agreement with Miami-based special purpose acquisition company 26 Capital Acquisition Corp, which will result in Okada Manila being listed on New York’s Nasdaq stock exchange.
The transaction implies an enterprise value of $2.6bn for Okada Manila and is anticipated to provide the company with up to $275m in cash.
Upon closing of the transaction, the enlarged company will be listed on Nasdaq through [...]
