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.
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