WPT Vote to Accept PartyGaming Offer
In news seemingly not motivated by pure greed, after receiving a last minute offer from Mandalay Media for $35.5 million, an offer approximately three times the $12 million offer from Peerless Media Ltd., a subsidiary of PartyGaming, WPT Enterprises. Inc. opted not to postpone its shareholders meeting scheduled for Oct. 30. According to a Form 8-K filed early Monday morning, shareholders voted to approve the Peerless Media bid, with the closing of the transaction slated to occur early this month.
The form stated “In the final vote count by the independent inspectors of election, 13,996,639 WPTE common shares (approximately 67.93 percent of the outstanding common shares) were represented at the Meeting, in person or by proxy, and the Agreement was approved by 85.28 percent of the shares voted and 57.93 percent of the shares outstanding”.
I personally am only a free poker player when it comes to playing online, so I don’t really follow the industry that closely.
Filed under Gaming News, Online Poker : Comments (1) : Nov 9th, 2009
July 21st, 2010 at 8:16 pm
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