Dover Downs Stockholders Approve Merger With Twin River; Merger Set To Close On March 28, 2019
DOVER DOWNS GAMING (DDE)
US:NYSE Investor Relations:
doverdowns.com/investor-relations
Company Research
Source: PR Newswire
DOVER, Del., March 26, 2019 /PRNewswire/ -- Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE) and Twin River Worldwide Holdings, Inc. have announced that Dover Downs received the required vote of Dover Downs stockholders to approve the proposed merger of Dover Downs and Twin River at today's special meeting and that the parties expect to close the transaction on March 28, 2019. Over 99% of the votes cast were cast in favor of the merger. A "majority of the minority" of stockholders also approved the merger.Upon completion of the merger, Dover Downs will become a wholly-owned subsidiary of Twin River, and all outstanding shares of Dover Downs common stock and class A common stock will be converted into the right to receive shares of Twin River common stock (with cash in lieu of fractional shares). In addition, Dover Downs common stock will cease trading on, and be delisted from, the New York Stock Exchange ("NYSE"), and Twin River's common stock will be listed on the NYSE under the
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