🍒 Casinos Austria Announces Takeover Offer for Casinos Austria International Limited - ISA-GUIDE

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Together, the Casinos Austria International (CAI) group's gaming entertainment operations feature over gaming.


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Casinos Austria International Limited operates international casino entertainment facilities in Australia, Canada, Egypt and Argentina. The Company's casinos.


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Casinos Austria International Holding GmbH (CAI) is among the leading players in the global gaming industry. The company, which was originally formed in.


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Casinos Austria International Limited (CAI) is a foreign-owned public unlisted company, deriving revenue from owning, operating and managing casino.


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Casinos Austria International Holding GmbH operates as a holding company. The Company, through its subsidiaries, provides casino management.


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Casino Austria

The bid is a result of Casinos Austrias desire to merge its operations to create a seamless organisation which is conducive to the company reaching its potential as a global casino operator, while in addition avoiding the duplicative costs and decision making which exist in its current structure. Todays announcement follows our previous proposal to privatize CAIL in which unfortunately had to be withdrawn when hostilities in the Middle East resulted in the closure of one of our major assets, the Oasis Casino, which remains closed today. The offer price represents a In addition, it represents a premium of approximately:. No event or circumstance in section C 1 and C 2 of the Corporations Act Cth occurring between the date of announcement and the date upon which the takeover offer closes formerly referred to as prescribed occurrences. No material adverse change in the structure, business, financial or trading position or condition, assets, liabilities or future profitability of CAIL and its subsidiaries taken as a whole occurs or is announced after the date of announcement. No action or investigation is instituted or threatened by any statutory or regulatory body in consequence of or in connection with the takeover offer which might impose any material limitation on Casinos Austria, CAIL or any of their related bodies corporate conducting its business or continuing to own all its assets. Offer Conditions Casinos Austrias offer will be subject to the following key conditions: 1.{/INSERTKEYS}{/PARAGRAPH} {PARAGRAPH}{INSERTKEYS}Casinos Austria is currently entitled to approximately This offer represents an opportunity for CAIL shareholders to dispose of their shares at a significant premium to the recent market price of CAIL shares. Required regulatory approvals and consents being obtained, including Foreign Investment Review Board and gaming authorities if required.