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CI Financial to vote against Great Canadian Gaming's $2.1-billion takeover bid from Apollo, deal now in limbo


CI Financial to vote against Great Canadian Gaming’s $2.1-billion takeover bid from Apollo, deal now in limbo
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CI Financial Corp. does not support a $2.1-billion takeover bid for Great Canadian Gaming Corp. and will vote against the deal, putting the proposed private-equity buyout in limbo one week before its scheduled shareholder vote.
CI is a major shareholder of Great Canadian with a 14.1-per-cent stake and in a statement late Wednesday the money manager said it is “not supportive of the proposed plan of arrangement” between private-equity giant Apollo Global Management Inc. and Great Canadian. ....

United Kingdom , Brod Baker , Eli Samaha , Great Canadian Gaming Corp , Ci Financial Corp , Great Canadian Gaming , Great Canadian , Apollo Global Management , Asset Management , New York Based , Avenue Partners , Greater Toronto Area , Pickering Casino Resort , Toronto Based Great Canadian , British Columbia , New Brunswick , ஒன்றுபட்டது கிஂக்டம் , தடி ரொட்டி சுடுபவர் , எலி சமா , நன்று கனடியன் கேமிங் கார்ப் , சை நிதி கார்ப் , நன்று கனடியன் கேமிங் , நன்று கனடியன் , அப்பல்லோ உலகளாவிய மேலாண்மை , சொத்து மேலாண்மை , புதியது யார்க் அடிப்படையிலானது ,