Z Capital Partners Buys Affinity Gaming for $580 Million
New York-based equity that is private Z Capital Partners LLC will buy Nevada-headquartered casino operator Affinity Gaming for the approximate number of $580 million, the two events announced in a Tuesday declaration.
Z Capital Partners is known to function as the personal equity administration unit of alternative investment manager Z Capital Group. Z Capital and its affiliates presently possess a 41% stake in Affinity Gaming. Following a latest announcement, it’s going to purchase the operator’s remaining outstanding stocks at a price of $17.35 per share. Z Capital said on Tuesday so it will probably pay in money and it happens to be given a $465-million financial obligation funding commitment from Citizens Bank, N.A. for the purpose.
After finding a non-binding proposition of $15 per share from euro palace online casino login Z Capital, a unique independent directors committee was formed by Affinity Gaming aided by the intent behind examining the prospective deal along with bids from other 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 in the day this thirty days. The committee that is special figured a purchase deal with Z Capital had been one which would benefit Affinity Gaming euro palace casino ipad and suggested the Board to approve 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 effect from the comprehensive consideration of Z Capital’s definitive offer. „Z Capital Euro Palace Casino Germany Partners Buys Affinity Gaming for $580 Million“ weiterlesen