Dealmakers of Allwyn Group’s agreed SPAC merger with Cohn Robbins Holdings Corp (CRHC) have signalled that lottery conglomerate listing on NYSE will be temporarily delayed.
The transaction that was expected to be finalised during Q2, has been put back due to US stocks plummeting, amid fears of a pending global recession.
The Times reports that “the transaction will now not be completed before the third quarter, according to a presentation made to investors.”
In January, the board of Allwyn confirmed media speculation that the company was seeking to merge with CRHC- the SPAC vehicle of former Goldman Sachs COO and President Trump advisor Gary Cohn.
