Brief: Golden Matrix Signs Agreement To Acquire MeridianBet Group

Meridian Holdings

12/01/2023 13:43

Jan 12 (Reuters) - Golden Matrix Group Inc  GMGI.O :
    * GOLDEN MATRIX SIGNS AGREEMENT TO ACQUIRE MERIDIANBET GROUP
    * GOLDEN MATRIX SIGNS AGREEMENT TO ACQUIRE MERIDIANBET GROUP
    * GOLDEN MATRIX GROUP INC: PROPOSED DEAL VALUED AT
APPROXIMATELY
$300 MILLION
    * GOLDEN MATRIX GROUP INC- BOTH COMPANIES PLAN TO CONTINUE
OPERATING UNDER THEIR RESPECTIVE BRANDS
    * GOLDEN MATRIX GROUP INC: AGREED TO ACQUIRE MERIDIANBET
GROUP AND
ITS RELATED COMPANIES IN A CASH AND STOCK TRANSACTION
    * GOLDEN MATRIX GROUP INC- UPON CLOSING OF ACQUISITION,
MERIDIANBET GROUP OF COMPANIES WILL BECOME WHOLLY-OWNED
SUBSIDIARIES OF GMGI
    * GOLDEN MATRIX GROUP - AFTER DEAL, BOARD STRUCTURE EXPECTED
TO
REMAIN SAME, WITH SOLE EXCEPTION BEING  WILLIAM SCOTT JOINING AS
CHAIRMAN OF BOARD OF CO

Source text for Eikon:  ID:nGNX37gQVN 
Further company coverage:  GMGI.O