The Committee on Foreign Investment in the US has given clearance for the proposed merger of Gan and a subsidiary of Sega Sammy Creation.
The closing of the merger is also subject to approval of the merger and change in control of Gan by certain gaming authorities.
The closing of the merger remains subject to other customary closing conditions and is expected to occur in late 2024 or early 2025.
If the merger is completed, each Gan ordinary share issued immediately prior to the effective time of the merger will be automatically cancelled and converted into the right to receive US$1.97 in cash with respect to each such ordinary share, without interest and less applicable withholding taxes.
