EGT Nevada Amends Tender Offer for Shares of Entertainment Gaming
23 Maggio 2017 - 1:27PM
EGT Nevada Holding Inc. (“EGT Nevada”) announced today that it and
Melco International Development Limited (“Melco International”)
have amended the previously announced tender offer (the “Offer”)
for all of the issued and outstanding shares of common stock (the
“Shares”) of Entertainment Gaming Asia Inc. (“Entertainment
Gaming”) (NASDAQ:EGT) that are not currently owned by Melco
International and its affiliates such that the consummation of the
Offer is no longer conditioned upon any minimum number of Shares
being tendered. EGT Nevada will provide liquidity to any
stockholder of Entertainment Gaming that would like to sell his,
her or its Shares in the Offer. As a result, EGT Nevada may
consummate the Offer even if the Shares tendered represent (x) less
than a majority of the issued and outstanding Shares excluding
Shares owned by Melco International or its affiliates, and (y) less
than 90% of outstanding Shares when combined with the Shares owned
by Melco International and its affiliates. If we consummate
the Offer notwithstanding the fact that the Shares tendered
represent less than 90% of outstanding Shares when combined with
the Shares owned by Melco International and its affiliates, we will
be unable to cause a short-form merger to be effectuated and may
continue to operate Entertainment Gaming as a standalone company
with Melco International and its affiliates continuing to own a
controlling stake in Entertainment Gaming.
Information About Forward-Looking
Statements
This document contains certain forward-looking
statements, including statements that involve risks and
uncertainties concerning the proposed acquisition of Shares of
Entertainment Gaming, anticipated customer benefits and general
business outlook. When used in this document, the words
“anticipates”, “can”, “will”, “look forward to”, “expected” and
similar expressions and any other statements that are not
historical facts are intended to identify those assertions as
forward-looking statements. Any such statement may be influenced by
a variety of factors, many of which are beyond the control of EGT
Nevada, that could cause actual outcomes and results to be
materially different from those projected, described, expressed or
implied in this document due to a number of risks and
uncertainties. Accordingly, no assurances can be given that any of
the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what impact they will
have on the results of operations or financial condition of EGT
Nevada or Entertainment Gaming. You are cautioned to not place
undue reliance on forward-looking statements, which speak only as
of the date of this document. Neither EGT Nevada nor any other
person is under any duty to update any of the information in this
document.
Additional Information
This communication does not constitute an offer
to buy or solicitation of an offer to sell any securities. This
communication is for informational purposes only. The Offer is not
being made to, nor will tenders be accepted from, or on behalf of,
holders of shares in any jurisdiction in which the making of the
Offer or the acceptance thereof would not comply with the laws of
that jurisdiction. The Offer is being made pursuant to a combined
Tender Offer Statement and Rule 13e-3 Transaction Statement filed
under cover of Schedule TO, as amended (including the Offer to
Purchase, a related Letter of Transmittal and other offer
materials) filed by EGT Nevada and Melco International with the
SEC.
The Offer does not involve nor relate to Melco
Resorts & Entertainment Limited, Melco International’s major
gaming subsidiary.
Media
Enquiries |
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Maggie Ma
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Tel: (852) 3151
3767 |
Email:
maggiema@melco-group.com |
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Fax: (852) 3162
8375 |
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