Wolf Popper LLP Investigates the Proposed Acquisition of Dover Downs Gaming & Entertainment, Inc. By Twin River Worldwide Holdings, Inc.
DOVER DOWNS GAMING (DDE)
US:NYSE Investor Relations:
doverdowns.com/investor-relations
Company Research
Source: PR Newswire
NEW YORK, Nov. 12, 2018 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Dover Downs Gaming & Entertainment, Inc. (Nasdaq: DDE), concerning the proposed acquisition of Dover Downs by Twin River Worldwide Holdings, Inc. According to Carl Stine, a partner at Wolf Popper LLP, "This transaction was obviously designed to protect the 91-year-old Chairman's holdings, but the proxy doesn't provide sufficient information about Twin River's value to allow Dover Downs' other shareholders to make an informed decision as to how to vote." Under the terms of the proposed acquisition, Dover Downs' shareholders will exchange their Dover Downs stock for Twin River common shares representing 7.225% of the equity in the combined company at closing. Twin River is a privately held company. Dover Downs' shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or cstine@wolfpopper.com. Wolf Popper
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