Z Capital Partners Buys Affinity Gaming 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 quantity of $580 million, the two euro palace online casino login parties announced in a Tuesday declaration.
Z Capital Partners is famous to function as the equity that is private division of alternate investment manager Z Capital Group. Z Capital and its particular affiliates currently own a 41% stake in Affinity Gaming. Following announcement that is latest, it will purchase the operator’s remaining outstanding stocks at a cost of $17.35 per share. Z Capital said on Tuesday so it has been granted a $465-million debt financing commitment from Citizens Bank, N.A. for the purpose that it will pay in cash and.
After finding a non-binding proposal of $15 per share win palace euro french casino from Z Capital, a particular independent directors committee was formed by Affinity Gaming because of the purpose of examining the possible transaction in addition to bids euro palace mobile casino no deposit bonus 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 early in the day this thirty days. The committee that is special figured a purchase cope with Z Capital was one which would benefit Affinity Gaming and advised the Board to accept the proposition.
Commenting on the announcement that is latest, David Reganato, Chairman of Affinity Gaming’s Board and specially appointed committee, stated that the contract with Z Capital would bring significant value to shareholders and that it was the result from the comprehensive consideration of Z Capital’s definitive offer. Continue lendo “Z Capital Euro Palace Casino No Deposit Bonus Codes Partners Buys Affinity Gaming for $580 Million”