Great Canadian Gaming Corp.’s deal to be acquired by a fund affiliated with Apollo Global Management Inc. has been granted court approval.
The Supreme Court of British Columbia signed off on the investment fund’s $45 per share takeover offer, the casino operator said on Thursday.
The gaming company will be delisted from the Toronto Stock Exchange after the deal is finalized in the second quarter of 2021, as long as regulatory and closing conditions come through.
Apollo has previously said it expects its takeover of Great Canadian to help grow the business, since the privately held company will have more long-term financial flexibility.
