Announced
Financials
Tags
Friendly
Casinos and Gambling
casino resort
casinos
United States
Public
Pending
Single Bidder
Acquisition
Minority
Synopsis
Casino and resorts operator Genting Malaysia agreed to acquire 13.2m shares in Empire Resorts from its largest shareholder, Kien Huat Realty III, for about $129m. Genting said the Empire shares were bought at $9.74 a share, at the same as what it had offered to pay for a 46% stake held by Kien Huat in August. Genting had proposed to acquire and privatize Empire at the time.
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