TSXV:NYX.DB - Post by User
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NYX2017on Nov 10, 2017 9:56am
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Post# 26938802
RE:RE:RE:press releases written by a philadelphia lawyer
RE:RE:RE:press releases written by a philadelphia lawyerDeal is NOT dead. It's just a smart move to say f*ck you to WH. Read below:
"This agreement with Scientific Games may be terminated (i) by mutual agreement of Scientific Games and NYX, (ii) by either Scientific Games or NYX if the arrangement agreement dated September 20, 2017 in respect of the Acquisition (the “Arrangement Agreement”) is terminated in connection with NYX entering into a superior proposal or the board of NYX making a change in recommendation and in either case the superior proposal is consummated, or (iii) by NYX if the Arrangement Agreement is terminated in circumstances where the Acquisition is not approved by at least 51% of the votes of NYX shareholders (excluding William Hill and its affiliates) at the shareholders meeting."
Bookends wrote: Im also very confused, but from my understanding, the deal (2.40$ offer) is dead...
Rather, SG will pay NYX 30M USD for a partnership to use NYX's technology to mutually use sports betting in the US.
And WH does not get to vote on this arrangement.