FAST Acquisition accelerates on SPAC deal to take Golden Nugget parent public
01/02/2021 13:12
** Shares of special purpose acquisition co (SPAC) FAST
Acquisition Corp FST.N up 7.5% to $11.37 premarket on merger
news
** Fertitta Entertainment, parent of restaurant and gaming
co Golden Nugget GNOG.O and restaurant-chain operator
Landry's, to go public through reverse merger with FST in $6.6
bln deal urn:newsml:reuters.com:*:nL4N2K73N9
** Tieup includes $1.2 bln PIPE (private investment in
public equity) from institutional shareholders
** Billionaire Tilman Fertitta to be CEO and largest
shareholder
** Last week, hardware supplier Hillman Group Inc agreed to
merge with Landcadia Holdings III Inc LCY.O , SPAC backed by
Tilman, at $2.6 bln valuation urn:newsml:reuters.com:*:nL4N2K02YK
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com))