Accel Issues Statement Regarding Clairvest’s Announced Lawsuit
TPG PACE HOLDINGS CORP (TPGH)
US:NYSE Investor Relations:
tpg.com/platforms/paceholdings
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Accel Entertainment, Inc. (“Accel” or the “Company”), a leading gaming-as-a-service provider, today issued the following statement in response to the lawsuit filed yesterday by Clairvest Group Inc. (TSX: CVG) related to the definitive transaction agreement the Company's shareholders entered into on June 13, 2019, with TPG Pace Holdings Corp. (“TPG Pace”) (NYSE: TPGH, TPGH.U, TPGH.WS), a special-purpose acquisition company sponsored by an affiliate of TPG:“While we have not yet seen the complaint, we are disappointed that Clairvest has announced that it has chosen to sue one of its portfolio companies to block a transaction we believe it is contractually bound to support. When Clairvest invested in Accel, it agreed that if shareholders owning a majority of the company’s outstanding shares elected to sell their stock, it would take all actions reasonably necessary to consummate the transaction. Instead, it apparently has chosen for its own purposes to attem
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