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Fertitta Entertainment and FAST mutually terminate merger plans

13th December 2021 11:36 am GMT
Playtech

Golden Nugget parent company Fertitta Entertainment and special purpose acquisition company (SPAC) FAST Acquisition Corp have mutually terminated their proposed merger.

The merger agreement was originally entered into on 1 February, and amended on 30 June to include 42 non-gaming related business assets, increasing the enterprise value of the deal to $8.6bn.

The two parties have now simultaneously terminated the deal after a settlement was reached regarding a disagreement over the termination date in the merger agreement.

“I [...]

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