Press release
NASDAQ: GNOG Investor Notice: Lawsuit in connection with Takeover of Golden Nugget Online Gaming, Inc. filed
A lawsuit was filed by investors of Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) in connection with the proposed takeover.
Investors who purchased shares of Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) and currently hold any of those NASDAQ: GNOG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff seeks to get access to records regarding the takeover of Golden Nugget Online Gaming, Inc by DraftKings Inc. The plaintiffs say that they need to review the documents to determine if there was foul play when Golden Nugget Online Gaming, Inc and its controlling stockholder agreed to the takeover by Draftkings, Inc.
The plaintiffs say there could that be unfair benefits to the controlling stockholder in form of side benefits, and the information that was provided in connection with the takeover could have been materially misleading in numerous respects and could have omitted material facts.
On August 09, 2021, DraftKings Inc. (Nasdaq: DKNG) and Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) announced that they have entered into an agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. Under the terms of the proposed agreement, Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) stockholders are expected to receive a fixed ratio of 0.365 shares of DraftKings' common stock for each share of GNOG common stock they hold. Based on a closing price of $51.59 per NASDAQ: DKNG share on August 6, 2021, investors in Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) will receive a value of approximately $18.83 per NASDAQ: GNOG share
At least one analyst has set the high target price of $28.00 per NASDAQ: GNOG.
Golden Nugget Online Gaming, Inc. reported that its annual Total Revenue rose from $91.12 million in 2020 to $128.24 million in 2021, and that its Net Loss of $14.38 million in 2020 turned into a Net Income of $79.57 million in 2021.
Those who are current investors in Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) shares have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release NASDAQ: GNOG Investor Notice: Lawsuit in connection with Takeover of Golden Nugget Online Gaming, Inc. filed here
News-ID: 2595840 • Views: …
More Releases from Shareholders Foundation
Investigation announced for Long-Term Investors in shares in BigBear.ai Holdings …
An investigation on behalf of current long-term investors in shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) concerning potential breaches of fiduciary duties by certain directors and officers of BigBear.ai Holdings, Inc. was announced.
Investors who are current long term investors in BigBear.ai Holdings, Inc. (NYSE: BBAI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm…
Lawsuit filed for Investors who lost money with shares of DoubleVerify Holdings, …
An investor, who purchased shares of DoubleVerify Holdings, Inc. (NYSE: DV), filed a lawsuit over alleged violations of Federal Securities Laws by DoubleVerify Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of DoubleVerify Holdings, Inc. (NYSE: DV) have certain options and for certain investors are short and strict deadlines running. Deadline: July 21, 2025. NYSE: DV investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
Investigation announced for Long-Term Investors in shares of Perpetua Resources …
An investigation was announced concerning possible breaches of fiduciary duties by certain directors and officers of Perpetua Resources Corp.
Investors who are current long term investors in Perpetua Resources Corp. (NASDAQ: PPTA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PPTA stocks follows a lawsuit filed against Perpetua…
Actinium Pharmaceuticals, Inc. (NYSE: ATNM) Investor Alert: Deadline in Lawsuit …
A deadline is coming up on May 26, 2025 in the lawsuit filed for certain investors of Actinium Pharmaceuticals, Inc. (NYSE: ATNM) over alleged securities laws violations by Actinium Pharmaceuticals, Inc.
Investors who purchased shares of Actinium Pharmaceuticals, Inc. (NYSE: ATNM) have certain options and there are strict and short deadlines running. Deadline: May 26, 2025. Actinium Pharmaceuticals, Inc. (NYSE: ATNM) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call…
More Releases for Golden
The Golden Gals Connecticut Recognized in Feature Article for Excellence in Gold …
The Golden Gals Connecticut, a family-owned golden retriever breeding company, is proud to announce their recent recognition in a prominent online publication. The feature article highlights the exceptional care, ethics, and dedication Ashley and Steve Kubik bring to their work as breeders, solidifying their reputation as leaders in the field.
The article shines a light on the Kubiks' 13 years of commitment to improving the breed and providing families with healthy,…
One Golden Rose (Real Price 2023) Reviews! Is Golden Rose a Hoax Or Real Exposed …
"One Golden Rose" is a phrase that could be interpreted in various ways, as it holds different meanings for different people. The following is a creative piece with a focus on the theme of "One Golden Rose," exploring its symbolism and significance.
BUY Now FROM OFFICIAL WEBSITE - Golden Rose Discount 50% OFF 😍👇
https://healthwebcart.com/luxgoldrose/
In the quaint town of Eldoria, nestled between rolling hills and meandering streams, there stood a garden…
Robby McClure Releases New Children's Book - The Last Flat Place: How Golden Bec …
Robby McClure is pleased to announce the release of his new children's picture book, The Last Flat Place: How Golden Became Golden.
A heartwarming tale of dreams, perseverance, and teamwork
"The Last Flat Place: How Golden Became Golden" tells the story of a young boy named Tommy and his trusty friend, Blaster the Burro, as they embark on a journey to build a new town. Along the way, they discover something…
Golden Revive Plus Reviews - Complete Analysis of Golden Revive +
Golden Revive Plus Reviews – Is It Worth?
Golden Revive Plus complement boosts the self-recuperation mechanism of the muscle mass, joints, and nerves and guarantees lasting comfort from soreness and irritation. Be it is hips, knees, shoulders, etc. this supplement facilitates to reap pain-free motion and replace someone’s present-day medications for joint ache.
apart from getting older, several factors limit the loose movement of 1’s frame. find out what these are and…
Golden Ratio Launching Ultimate Anti-inflammatory Morning Beverage, Golden Milk
AUSTIN, Texas (May 25, 2021) — Golden Ratio, the gold coffee category trailblazer, is launching its newest flavor, Golden Milk, on Tuesday, March 25 to provide a detoxifying, anti-inflammatory and nourishing morning beverage with the caffeine and lower acidity levels Golden Ratio customers have loved in existing flavors.
Inspired by traditional Ayurvedic recipes for haldi ka doodh that have been savored and used to treat ailments for millennia, Golden Ratio’s…
The Bridge of the Golden Wood Release New Children’s Book The Bridge of the Go …
The Bridge of the Golden Wood Release New Children’s Book The Bridge of the Golden Wood
Premio Publishing & Gozo Books are pleased to announce the upcoming release of their new children’s book, The Bridge of the Golden Wood. The book is 530 words in dyslexic-friendly font by award-winning kid’s author Karl Beckstrand teaching children about business and money.
“Masterful … An immensely appealing book because of its readable style … and…
