Everbay Capital
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Everbay Capital challenges Golden Entertainment buyout terms
Everbay Capital urged Golden Entertainment’s board to reconsider the proposed sale of the operating business to CEO Blake Sartini, arguing that the $2.75-per-share price undervalues the remaining company. The investor also called for separate shareholder votes on the operating-business and real-estate transactions and changes to the go-shop period and termination fee.
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