POTENTIAL DEAL DETAILS
|Stock||Empire Resorts, Inc.||Symbol||NYNY|
|Date Announced||08/06/2019||Source||Press release|
|Type||Unsolicited Bid||Acquiring Company/Person||Kien Huat Realty III Limited and Genting Malaysia Berhad|
|Date of Confirmation:||08/19/2019||Price at Confirmation:||$9.73|
|Potential Profit:||4.85%||Annualized Profit:||136.15%|
Empire Resorts, Inc. (NYNY), today confirmed that the special committee of its board of directors has received an unsolicited proposal from Kien Huat Realty III Limited (“KH”), the holder of approximately 86% of Empire Resorts’ outstanding shares of common stock. KH is proposing to acquire all of the outstanding equity of the Company not currently owned by KH or its affiliates
August 19, 2019: Empire Resorts, Inc. (NYNY) today announced a definitive agreement under which affiliates of Kien Huat Realty III Limited and Genting Malaysia Berhad will acquire all of the outstanding equity of the Company not currently owned by Kien Huat.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.