GAN and Sega Sammy extend merger termination deadline to 31 May
GAN amended its merger agreement with a subsidiary of Sega Sammy Creation, extending the deadline for a non-breaching party to terminate if the transaction has not closed from 7 February to 31 May. GAN said the additional time would allow the parties to obtain gaming regulatory approvals; closing remains subject to customary conditions and is expected in the second quarter.
The extended deadline gives the parties more time to obtain gaming regulatory approvals before termination becomes possible.