The Stars Group and Flutter merger receives shareholder approval
The Stars Group have announced that shareholders have approved the proposal to combine the business with Flutter Entertainment plc.
The special resolution approved the previously announced plan of arrangement under the Business Corporations Act (Ontario) between The Stars Group and Flutter, whereby Flutter will acquire all of the issued and outstanding common shares of The Stars Group.
Approximately 99.99% of the shares voted at the meeting voted in favor of the special resolution approving the arrangement.
On April 21, 2020, the shareholders of Flutter also approved the Arrangement. Subject to remaining regulatory approvals and customary closing conditions, The Stars Group now currently expects the Arrangement to close in May 2020.