Leo vegas usa10/13/2023 This overwhelming approval given to the tender offer means that MGM will formally take full control of the Stockholm-headquartered operator by the middle of next week upon final share settlement - and LeoVegas will now be delisted from the Stockholm Stock Exchange. The all-cash transaction comes barely four months after the initial takeover bid, which MGM Resorts characterized at the time as a "unique opportunity for the company to create a scaled global online gaming business." The final price is marginally less than the original May 2 offer of $607 million, due to exchange rate fluctuations, and will see MGM pay the equivalent of SEK 61.00 ($5.72) per share. For more information, please see SHOOK is a registered trademark of SHOOK Research, LLC.MGM Resorts International announced on Wednesday that its $604 million purchase of LeoVegas has been accepted by 96% of the Swedish sportsbook and gaming operator's shareholders. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. Past performance is not an indication of future results. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Forbes America’s Top Wealth Advisors and Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual, and telephone due diligence meetings to measure best practices, client retention, industry experience, credentials, review of compliance records, firm nominations and quantitative criteria, such as: assets under management and revenue generated for their firms. Data provided by SHOOK® Research, LLC - Data as of 6/30/22.
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