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Announced

Fertitta Entertainment terminated an $8.6bn merger with FAST Acquisition.

Financials

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Transaction Value£6,215m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Reverse Takeover

Private

Majority

Single Bidder

Acquisition

entertainment

Friendly

Domestic

Hotels and Motels

Merger

De-SPAC

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Synopsis

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Fertitta Entertainment, which operates in the gaming, restaurant, hospitality and entertainment industry, to go public in a SPAC merger with FAST Acquisition in a $8.6bn deal. "FEI is an incredible hospitality empire run by the one of the world's best operators that we have had a first-hand view into for many years now. We wish Tilman and his team the best of luck as they remain a private company. Through this settlement we ensured that we are sufficiently capitalized to seek a new target and that we could continue our efforts to maximize value for our shareholders," Doug Jacob, FAST Founder. On December 10, 2021, Fertitta Entertainment terminated an $8.6bn merger with FAST Acquisition.

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