Affinity stockholders approve takeover by Z Capital
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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