Lion vegas casino

On 2 May , MGM Casino Next Lion, LLC, a wholly owned indirect subsidiary of MGM Resorts International (“MGM”), announced a recommended public offer to the shareholders of LeoVegas AB (publ) (“LeoVegas”) to tender all shares in LeoVegas to MGM at a price of SEK 61 in cash per share (the “Offer”).

On 31 August , MGM announced that the Offer had been accepted by shareholders with a total of 63,, shares in LeoVegas, corresponding to approximately percent of the outstanding shares in LeoVegas1 , and that MGM, since the time of announcement of the Offer, had also acquired 30,, LeoVegas shares2 at prices not exceeding the price in the Offer. As a result, MGM controlled in total 93,, shares in LeoVegas, corresponding to approximately percent of the outstanding shares in LeoVegas, and declared the Offer unconditional and extended the acceptance period.

During the extended acceptance period which expired on 14 September , the Offer has been accepted by shareholders with a total of 2,, shares in LeoVegas, corresponding to approximately percent of the outstanding shares in LeoVegas. After the end of the extended acceptance period, MGM thus controls in total 95,, shares in LeoVegas, corresponding to approximately percent of the outstanding shares in LeoVegas.

Settlement for shares tendered in the Offer during the extended acceptance period will begin around 22 September MGM will not further extend the acceptance period for the Offer.

MGM has initiated a compulsory acquisition procedure in accordance with the Swedish Companies Act to acquire all shares not tendered in the Offer. LeoVegas’ application for delisting of the shares from Nasdaq Stockholm was approved on 8 September The last day of trading in LeoVegas’ shares at Nasdaq Stockholm will be 22 September