Golden Entertainment agrees take-private deal with CEO at $30 per share
Golden Entertainment announced an agreement for chief executive and founder Blake Sartini to take the company private at $30 per share, a 40% premium to its 5 November closing price. The company also plans to sell seven casino real estate assets to VICI Properties in a sale-leaseback; its independent board committee unanimously recommended both transactions. Golden said it would pay quarterly cash dividends of $0.25 per share until the take-private closes.
Shareholders can assess the proposed take-private price, property sale-leaseback, and continuing cash dividends before closing.