Cases
Empire Resorts, Inc.
Merger
Overview
Overview
- Date:
- 8/21/2019
- Case Caption:
- Glasgow, et al. v. Empire Resorts, Inc., et al.
- Stock Symbol:
- NYNY
- Company Name - Buyer:
- Kien Huat Realty III Limited and Genting Malaysia Berhad
- Status:
- Pending
- Merger Announcement Date:
- 8/19/2019
- Court:
- Court of Chancery of the State of Delaware
Pursuant to the proposed transaction announced on August 19, 2019, Empire shareholders will receive $9.74 in cash for each share of Empire stock owned. The investigation focuses on whether Empire and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.