SEGA SAMMY Finalizes Acquisition of GAN Limited, Shares to Cease Trading on NASDAQ
SEGA SAMMY has completed its acquisition of GAN Limited, a North American gaming solutions provider, for $1.97 per share, a 121% premium over GAN's pre-announcement stock price. Following the merger, GAN's shares will cease trading on NASDAQ. This strategic acquisition aims to enhance SEGA SAMMY's product offerings and leverage GAN's expertise in the U.S. market.
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.
