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Flutter Entertainment and The Stars Group to merge

2nd October 2019 6:59 am GMT
The Stars Group

London-listed gaming operator Flutter Entertainment has agreed an all-share deal to merge with Toronto-listed The Stars Group.

The all-share combination will see Flutter acquire The Stars Group (TSG) through a plan of arrangement to create a global leader in sports betting and gaming with a diverse portfolio of brands and complementary products with a broad geographic reach.

The recommended transaction gives TSG shareholders 0.2253 new Flutter shares in exchange for each TSG share, with Flutter Entertainment owning [...]

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