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Great Canadian Gaming Announces the Reopening of the Company s Ontario Properties - Press Release
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Great Canadian Gaming to reopen 11 casinos Friday as Ontario moves to Stage 3
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Eleven Ontario casinos set to reopen Friday
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CI Financial to vote against Great Canadian Gaming’s $2.1-billion takeover bid from Apollo, deal now in limbo Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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CI Financial Corp. does not support a $2.1-billion takeover bid for Great Canadian Gaming Corp. and will vote against the deal, putting the proposed private-equity buyout in limbo one week before its scheduled shareholder vote.
CI is a major shareholder of Great Canadian with a 14.1-per-cent stake and in a statement late Wednesday the money manager said it is “not supportive of the proposed plan of arrangement” between private-equity giant Apollo Global Management Inc. and Great Canadian.