Press release
Lawsuit filed for Investors in Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) over Takeover
A lawsuit was filed by an investor of Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) in connection with the 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.
Houston, TX based Golden Nugget Online Gaming, Inc. operates as an online gaming and digital sports entertainment company
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.
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 any wrongdoing when Golden Nugget Online Gaming, Inc and its controlling stockholder agreed to the takeover by Draftkings, Inc.
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.
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