M&A
confidence high
sentiment positive
materiality 0.85
Golden Entertainment to be acquired by Blake Sartini and enter sale-leaseback with VICI; $30/share value, 41% premium
NEW ROYAL HOLDCO I INC.
- Total consideration valued at $30.00 per share, a 41% premium to GDEN's Nov 5 close.
- Stockholders receive 0.902 VICI shares and $2.75 cash per share via sale-leaseback of seven casino properties.
- VICI to assume and repay up to $426M of Golden's senior secured debt at closing.
- Transaction expected mid-2026; go-shop period through Dec 5, 2025; Sartini (25% owner) supports deal.
- Regular $0.25 quarterly dividend continues through closing; shares will be delisted from Nasdaq.