Star Deal ‘Not Fair’, but What Else Is a Shareholder to Do?

Star deal ‘not fair’, but what else is a shareholder to do?

You could sum up independent expert Grant Samuel’s verdict as: something is better than nothing. It’s time to let the foxes into the henhouse.

Takeover terms found unfair to Star Entertainment shares investors but the 'only lifeline' left

Star Entertainment Group Ltd (ASX: SGR) shares are down amid the company naming a date for the shareholders' vote on its takeover. Star Entertainment shares are trading at 11 cents per share, down 4.35% at the time of writing. The company issued a Notice of General Meeting to the ASX after the market close yesterday. The notice includes the independent expert's report on the takeover proposal from US casino giant Bally's Corporation (NYSE: BALY)…

Bally’s strategic investment in The Star heads to shareholder vote on June 25th

Shareholder vote set for June 25th on Bally’s and Mathieson’s $196M injection into embattled The Star Entertainment. The post Bally’s strategic investment in The Star heads to shareholder vote on June 25th first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Bally’s wants broad review of Star’s operations if AU$300 million investment proposal approved by shareholders

US casino operator Bally’s Corp has called on the Board of Directors of Australia’s Star Entertainment Group to conduct a “broad-based general review of The Star’s strategic, financial and commercial operations” should its proposal to invest a share of AU$300 million (US$195 million) to help salvage the embattled company be approved by shareholders. Further details of the proposal were outlined in an Explanatory Memorandum issued to shareholders…