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Everbay Capital challenges Golden Entertainment buyout terms

Deals & M&A

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.

The challenge raises shareholder-approval and valuation issues for Golden Entertainment’s proposed transactions.

End-of-day close VICI Properties (VICI), USD, to 29 December 2025
Story date30 September 202529 December 2025

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