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Empire Resorts, Inc.

Merger

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

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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.
 

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