Powered by

Empire Resorts Confirms Receipt of Proposal from Controlling Stockholder

Aug 06, 2019 - PR Newswire
Mergers and Acquisitions

PR Newswire

 Empire Resorts, Inc. (NasdaqGM: NYNY) (the "Company"), today confirmed that the special committee of its board of directors (the "Board") 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 for $9.74 per share of common stock, and with each share of ...