Interactive
Canada – Stars expects Flutter merger to complete on May 5
By Phil - 4 May 2020
The Stars Group expects to complete the pending combination with Flutter Entertainment on May 5, 2020, subject to customary closing conditions. Upon closing, shareholders of The Stars Group will be entitled to receive 0.2253 Flutter ordinary shares for each common share.
“With the overwhelming approval of our shareholders last week and receipt of all remaining regulatory approvals, we look forward to completing our combination with Flutter next week. We are very excited about the potential of this combination, which will create a global leader in online betting and gaming with a portfolio of trusted brands, complementary best-in-class products, diversified revenues, stand-out technology and, most importantly, outstanding teams of exceptional people around the world,” said Dave Gadhia, Executive Chairman of the Board.
“I would like to personally thank our shareholders, employees, customers, and partners for supporting our vision, and particularly thank Rafi for his leadership and dedication, as well as the rest of our management team for an exceptional job expanding our business to create a truly global, diversified leader, delivering strong growth despite facing significant headwinds over the years. Lastly, I’d like to thank our Board of Directors who delivered an unprecedented level of commitment stewarding the business while providing unwavering guidance and support in our pursuit of growth,” concluded Mr. Gadhia.
The Stars Group also received a final order of the Ontario Superior Court of Justice (Commercial List) approving the transaction on April 28, 2020.
