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US leisure and retail M&A roars back - Investors are finding businesses showing resilience | White & Case LLP


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Healthy deal activity has returned to the leisure and retail sectors areas of the economy that were among the worst affected by the pandemic.
Together, the leisure and retail sectors saw M&A value reach US$41.7 billion in the first half of 2021, a more than fourfold increase on H1 2020. Volume rose by 59% year on year to 154 transactions.
Many of these deals were in direct reaction to COVID-19, as investors flocked to businesses that proved resilient or showed strong signs of a quick post-pandemic bounce back.
H1 retail recovers with a vengeance ....

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Fertitta Entertainment, Inc. Announces Amendment to Merger Agreement with FAST Acquisition Corp.


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HOUSTON, June 30, 2021 /PRNewswire/  Fertitta Entertainment, Inc., the parent company of Golden Nugget/Landry s ( Fertitta or the Company ), a leader in the gaming, restaurant, hospitality and entertainment industry, and FAST Acquisition Corp. (NYSE: FST) ( FAST ), a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, announced today that they have entered into an amendment to their previously announced Agreement and Plan of Merger entered into between the parties on February 1, 2021.   According to the amendment, the Company has agreed to contribute certain operating businesses not originally included as part of the business combination with FAST for no additional debt.  Businesses that will now be contributed to the public company include the Mastro s brand, the Aquariums, the Pleasure Pier, Vic and Anthony s, and a handful of smaller restaurant concepts, adding a total of 42 incremental, high-quali ....

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The Coolest U.S. Hotels Opening Summer 2021, from Napa Valley to New Mexico


Long-haul travel is slowly but surely opening back up to us. It s great news, but we like to think that the best part of traveling during summer isn t that two-week trip you planned for a year, but the smaller, closer-to-home trips that allow you to turn weekend breaks into mini vacations, from Memorial Day through September. A host of new and easy-to-reach resorts and retreats across the U.S. are giving us plenty of reason to be anywhere but home all summer long, whether it s to kayak in North Carolina or sit by a pool in Palm Springs. Here, a few favorites to book now. ....

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