February 27, 2018 / 12:20 PM / 8 months ago

BRIEF-Stars Group Acquires Majority Interest In CrownBet For $117.7 Million

Feb 27 (Reuters) - Stars Group Inc:

* STARS GROUP ACQUIRES MAJORITY INTEREST IN CROWNBET

* STARS GROUP INC - DEAL FOR APPROXIMATELY $117.7 MILLION

* STARS GROUP INC - ‍UNDER TRANSACTION AGREEMENTS, STARS GROUP IS ALSO ENTITLED TO APPOINT A MAJORITY OF DIRECTORS ON BOARD OF DIRECTORS OF CROWNBET​

* STARS GROUP INC - CO ACQUIRED 62% INTEREST IN CROWNBET FROM CROWN RESORTS LIMITED IN AN ALL-CASH TRANSACTION USING CASH ON STARS GROUP’S BALANCE SHEET

* STARS GROUP INC - NORTHERN TERRITORY RACING COMMISSION HAS APPROVED TRANSACTION SUBJECT TO STARS GROUP SATISFYING CERTAIN STANDARD CONDITIONS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below