Brief: Allied Esports Entertainment, Inc. Receives Proposal From Bally’S Corporation
05/03/2021 13:09
March 5 (Reuters) - Allied Esports Entertainment Inc
AESE.O :
* ALLIED ESPORTS ENTERTAINMENT, INC. RECEIVES PROPOSAL FROM
BALLY’S CORPORATION
* ALLIED ESPORTS ENTERTAINMENT - RECEIVED UNSOLICITED
PROPOSAL
FROM BALLY'S TO ACQUIRE ALL EQUITY INTERESTS OF CO FOR TOTAL
CONSIDERATION OF $100 MILLION
* ALLIED ESPORTS ENTERTAINMENT - BALLY'S PROPOSAL WOULD
REQUIRE CO
TO TERMINATE PREVIOUSLY ANNOUNCED CSI AGREEMENT WITH ELEMENT
PARTNERS
* ALLIED ESPORTS ENTERTAINMENT - BOARD WILL EVALUATE BALLY'S
PROPOSAL IN DUE COURSE
* ALLIED ESPORTS ENTERTAINMENT - AT THIS TIME, BOARD
CONTINUES TO
RECOMMEND TO CO'S STOCKHOLDERS APPROVAL OF TRANSACTION WITH
ELEMENT
Source text for Eikon: ID:nBw4PrxrPa
Further company coverage: AESE.O
((Reuters.Briefs@thomsonreuters.com;))