Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

On October 2nd, Irish betting company, <a href="https://www.smartkarma.com/entities/flutter-entertainment-plc-ed436543-827b-48d5-8ce6-fabdaa585eb0" target="_blank" data-smartkarma-citation="entities:25536:1" rel="noopener">Flutter Entertainment (PPB LN)</a> announced that they had reached an agreement to merge with Canadian online gambling company, <a href="https://www.smartkarma.com/entities/stars-group-inc" target="_blank" data-smartkarma-citation="entities:25570:1" rel="noopener">Stars Group Inc (TSGI CN)</a>, in an all-share deal to form one of the largest online betting groups in the world with a combined revenue of approximately £3.8bn.The acquirer is offering 0.2253 New Flutter Shares in exchange for each TSG Share which translates to a premium of 38.7% over the pre-announcement closing price. Following the completion of the deal, Flutter shareholders and TSG shareholders will own 54.64% and 45.36% of the combined entity respectively.The deal is conditional on receipt of Flutter and TSG shareholder approvals and relevant merger control and foreign investment approvals being obtained, including in the UK, Ireland, Australia, the US and Canada.This is a relatively long-dated deal. The transaction is expected to be completed between 2Q and 3Q of 2020.

On October 2nd, Irish betting company, Flutter Entertainment (PPB LN) announced that they had reached an agreement to merge with Canadian online gambling company, Stars Group Inc (TSGI CN), in an all-share deal to form one of the largest online betting groups in the world with a combined revenue of approximately £3.8bn.The acquirer is offering 0.2253 New Flutter Shares in exchange for each TSG Share which translates to a premium of 38.7% over the pre-announcement closing price. Following the completion of the deal, Flutter shareholders and TSG shareholders will own 54.64% and 45.36% of the combined entity respectively.The deal is conditional on receipt of Flutter and TSG shareholder approvals and relevant merger control and foreign investment approvals being obtained, including in the UK, Ireland, Australia, the US and Canada.This is a relatively long-dated deal. The transaction is expected to be completed between 2Q and 3Q of 2020.

Ireland

Flutter Entertainment Public Limited Company provides mobile and online gambling services.

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Flutter Entertainment (FLTR LN)

Flutter Makes a Bet on Stars

On October 2nd, Irish betting company, Flutter Entertainment (PPB LN) announced that they had reached an agreement to merge with Canadian online...

Travis Lundy

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