SEGA SAMMY Finalizes Acquisition of GAN Limited, Shares to Cease Trading on NASDAQ
Reuters
May 27
SEGA SAMMY Finalizes Acquisition of GAN Limited, Shares to Cease Trading on NASDAQ
GAN Limited, a prominent North American provider of real money internet gaming solutions, has completed its merger with SEGA SAMMY HOLDINGS INC., a global gaming and entertainment leader. SEGA SAMMY, through its affiliate SEGA SAMMY CREATION INC., acquired all outstanding securities of GAN for $1.97 per share in cash, marking a premium of over 121% compared to GAN's stock price prior to the merger announcement. Consequently, GAN's shares will no longer be traded on the NASDAQ Global Stock Market. This acquisition is seen as a strategic move to enhance product offerings and resources, with GAN's team bringing valuable expertise in the U.S. market to SEGA SAMMY.
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