as financial advisor, Advokatfirman Vinge KB and Michael J. MGM Resorts has retained Goldman Sachs & Co. The acquisition is expected to be accretive to MGM Resorts' earnings and cash flow per share. As of June 2, 2022, The acceptance period for the Offer commences on Jand expires on August 30, 2022. The acceptance period of the offer is expected to commence on or around June 2022 and expire on or around August 2022. It is expected to be completed during the second half of fiscal year 2022. The transaction is unanimously recommended by board of LeoVegas. As on August 22, 2022, necessary regulatory, governmental or similar clearances, approvals and decisions is fulfilled all other conditions specified in the Offer Document, including conditions for completion of the Offer, still apply. The offer is subject to certain regulatory approvals, the receipt of valid tenders of more than 90% of LeoVegas' shares and customary closing conditions. The acquisition will be financed with existing cash. MGM Resorts International will pay SEK 61 per share.
MGM Casino Next Lion, LLC made an offer to LeoVegas AB (publ) (OM:LEO) from LOYS AG, Gilston Invest Ab and others for SEK 6 billion on May 1, 2022.
