Churchill downs incorporated to acquire exacta systems

Louisville, ky., dec. 19, 2022 (globe newswire) -- churchill downs incorporated (“cdi” or the “company”) (nasdaq: chdn) announced today that it has entered into a definitive agreement under which cdi would acquire all of the outstanding equity interests of exacta systems, llc (“exacta”) for total consideration of $250 million in cash (the “transaction”), subject to certain working capital and other purchase price adjustments. the transaction will provide cdi the opportunity to realize synergies related to the company's recent acquisition of colonial downs racetrack and the rosie's gaming emporium hrm facilities in virginia.
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