Affinity gaming cancelled to acquire full house resorts, inc. (nasdaqcm:fll).
Affinity gaming submitted a letter of intent to acquire full house resorts, inc. (nasdaqcm:fll) for an enterprise value of approximately $130 million on october 22, 2018. the transaction would be structured as a cash or stock transaction with enterprise valuation of full house of $132.5 million, equating to $1.79 per share on a fully diluted basis. the transaction will be financed through debt procured by z capital management llc, parent of affinity gaming. z capital would be prepared to agree to a post-signing “go shop” period to satisfy the fiduciary duty of the board of directors of affinity gaming. the transaction is subject to satisfactory due diligence, receipt of debt financing commitments and negotiation of one or more satisfactory definitive agreements. vijay s. sekhon, kai haakon liekefett, derrick m. davis, ryan m. hicks and christopher j. porcelli of sidley austin llp acted as legal counsels to z capital and affinity.
affinity gaming cancelled to acquire full house resorts, inc. (nasdaqcm:fll) on october 22, 2019.
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