Z Capital Partners Buys Affinity Gaming for $580 Million
New York-based equity that is private Z Capital Partners big red pokies download LLC will buy Nevada-headquartered casino operator Affinity Gaming for the approximate amount of $580 million, the two events announced in a Tuesday declaration.
Z Capital Partners is famous to end up being the personal equity management division of alternate investment manager Z Capital Group. Z Capital as well as its affiliates presently have a 41% stake in Affinity Gaming. Following a announcement that is latest, it will purchase the operator’s staying outstanding stocks at a price of $17.35 per share. Z Capital said on Tuesday it will probably pay in money and so it was issued a $465-million debt financing commitment from people Bank, N.A. for the purpose.
A special independent directors committee was formed by Affinity Gaming with big red slot machine the purpose of examining the potential transaction as well as bids from other interested parties and to advice the gambling operator’s Board of Directors after receiving a non-binding proposal of $15 per share from Z Capital.
As revealed in yesterday’s statement, Z Capital increased its offer to $17.35 per share early in the day this big red pokies online thirty days. The special committee fundamentally figured a purchase handle Z Capital was one that would gain Affinity Gaming and advised the Board to accept the proposal.
Commenting on the latest announcement, David Reganato, Chairman of Affinity Gaming’s Board and specifically appointed committee, said that the contract with Z Capital would bring significant value to shareholders and it was the result from the comprehensive consideration of Z Capital’s definitive offer. Continue reading “Z Capital Partners Buys Affinity Gaming for Big Red Lantern Slot Game $580 Million”