Aug 9 2021
Ademi LLP investigates whether Golden Nugget Online Gaming, Inc. received a fair price in its transaction with DraftKings
MILWAUKEE, August 9, 2021 / PRNewswire / – Ademi LLP is investigating Golden Nugget Online Gaming (Nasdaq: GNOG) for possible fiduciary duty violations and other violations of law in its transaction with DraftKings.
Click here to find out how to join the action: https://www.ademilaw.com/case/golden-nugget-online-gaming-inc or call Guri Ademi toll free at 866-264-3995. There is no cost or obligation for you.
Ademi LLP alleges that the outlook and financial outlook for Golden Nugget Online Gaming is excellent and yet shareholders of Golden Nugget Online Gaming will only receive a fixed ratio of 0.365 Class A common share of New DraftKings for each common share of Golden. Nugget Online Gaming. The Merger Agreement unreasonably restricts competing offers for Golden Nugget Online Gaming by prohibiting the solicitation of additional offers and imposing a substantial penalty if Golden Nugget Online Gaming accepts a higher offer. Golden Nugget Online Gaming insiders will receive millions of dollars under the change of control deals. We are investigating the conduct of the board of directors of Golden Nugget Online Gaming, and whether they (i) fulfill their fiduciary duties to all shareholders, and (ii) obtain a fair and reasonable price for Golden Nugget Online Gaming.
If you own Golden Nugget Online Gaming common stock and would like additional information, please contact Guri Ademi either to [email protected] or toll free: 866-264-3995, or https://www.ademilaw.com/case/golden-nugget-online-gaming-inc.
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SOURCE Ademi LLP