MGM Resorts receives approvals for LeoVegas bid

MGM Resorts’ acquisition of LeoVegas has moved one step closer to completion after receiving all relevant approvals. The US company commenced a public tender offer to acquire all LeoVegas shares in May for SEK 61 ($5.73) per share. However, success of MGM Resorts’ bid was subject to certain conditions. These included the receipt of “regulatory, governmental or similar clearances, approvals and decisions,” a hurdle which ...