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Z Capital Play Big Red Pokie Online Partners Buys Affinity Gaming for $580 Million

Tuesday, December 17th, 2019

Z Capital Partners Buys Affinity Gaming for $580 Million

New York-based personal equity manager Z Capital Partners LLC will purchase Nevada-headquartered casino operator Affinity Gaming for the approximate number of $580 million, the two events announced in a Tuesday statement.

Z Capital Partners is famous to function red baron slot machine big win as the equity that is private unit of alternative investment manager Z Capital Group. Z Capital and its own affiliates currently have a 41% stake in Affinity Gaming. Following announcement that is latest, it’s going to choose the operator’s staying outstanding stocks at a price of $17.35 per share. Z Capital said on Tuesday it will pay in money and that it is granted free big red pokie game a $465-million debt financing commitment from Citizens Bank, N.A. with the aim.

A special independent directors committee was formed by Affinity Gaming with 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 declaration, Z Capital increased its offer to $17.35 per share earlier in the day this month. The unique committee sooner or later concluded that a purchase cope with Z Capital had been the one that would gain Affinity Gaming and suggested the Board to accept the proposition.

Commenting on the latest announcement, David Reganato, Chairman of Affinity Gaming’s Board and especially appointed committee, said free big red slot machine that the agreement with Z Capital would bring significant value to investors and it was the effect from the comprehensive consideration of Z Capital’s definitive offer. (more…)