Great Canadian Gaming Corporation Enters Definitive Agreement to Be Acquired by Funds Managed by Affiliates of Apollo Global Management For C$39.00 Per Share
TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Great Canadian Gaming Corporation (TSX:GC) (Great Canadian or the Company) today announced that it has entered into a definitive agreement to be acquired by funds (the Apollo Funds) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo).
- TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Great Canadian Gaming Corporation (TSX:GC) (Great Canadian or the Company) today announced that it has entered into a definitive agreement to be acquired by funds (the Apollo Funds) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo).
- Following close of the transaction, Great Canadian will remain headquartered in Toronto, led by a Canadian management team and with Canadian board members.
- Apollo also anticipates that certain Canadian institutions may co-invest in the transaction to become equity owners in the Company alongside the Apollo Funds upon completion of the acquisition.
- Apollo is committed to maintaining the Companys current operational footprint and anticipates Great Canadians properties will increase under the Apollo Funds ownership.