The agreement is expected to be finalized by 19 October 2021 subject to closing conditions being met.
Penn first agreed a deal for theScore back in August – in a $2.0bn cash-and-stock deal which would see Penn migrate its betting products to an upcoming theScore platform.
Penn will pay $17.00 in cash and 0.2398 shares ($17.00’s worth) of its stock for every theScore share, for a total consideration of $34.00 per share.
theScore shareholders will hold approximately 7% of the new business, with current Penn shareholders holding the remaining 93%.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/bc-supreme-court-approves-penn-national-and-thescore-deal/
