Z Capital Partners Buys Affinity Gaming big red pokie machines for $580 Million
New York-based equity that is private Z Capital Partners LLC will purchase Nevada-headquartered casino operator Affinity Gaming for the approximate level of $580 million, the two parties announced in a Tuesday statement.
Z Capital Partners is known to function as equity that is private unit of alternative investment manager Z Capital Group. Z Capital and its affiliates currently have a 41% stake in Affinity Gaming. Following a announcement that is latest, it’ll purchase the playpokiesfree.com operator’s remaining outstanding stocks at a cost of $17.35 per share. Z Capital said on Tuesday that it has been granted a $465-million debt financing commitment from Citizens big red slot machine wins Bank, N.A. for the purpose that it will pay in cash and.
After getting a non-binding proposition of $15 per share from Z Capital, a unique separate directors committee ended up being created by Affinity Gaming with the purpose of examining the possible transaction as well as bids off their interested parties and also to guidance the gambling operator’s Board of Directors.
As revealed in yesterday’s statement, Z Capital increased its offer to $17.35 per share earlier this month. The committee that is special concluded that big red slot wins a purchase deal with Z Capital ended up being one that would gain Affinity Gaming and advised the Board to approve the proposition.
Commenting in the latest statement, David Reganato, Chairman of Affinity Gaming’s Board and specially appointed committee, stated that the agreement with Z Capital would bring significant value to shareholders and that it was the end result from a comprehensive consideration of Z Capital’s definitive offer. 더 보기 “Z Capital Partners Buys Affinity Gaming Big Red Lantern Slot Game for $580 Million”