Affinity stockholders approve takeover by Z Capital

Stockholders in Affinity Gaming have approved the firm’s proposed acquisition by Z Capital Group.

In August of this year, Z Capital said in a filing with the US Securities and Exchange Commission that it wished to acquire 100% of the shareholding in the casino gaming operator.

Stockholders have now voted to approve the proposal, as well as, on an advisory basis, the merger-related compensation for Affinity’s named executive officers.

Z Capital, which already owns approximately 41% of the outstanding shares in Affinity, will now purchase the remaining shares for $17.35 (€16.32) each.

Subject to various regulatory approvals, the transaction is expected to close in the first quarter of next year.

Related article: Z Capital proposes full acquisition of Affinity Gaming