Kaskela Law LLC is investigating Golden Nugget Online Gaming, Inc. (“Golden Nugget”) (Nasdaq: GNOG) on behalf of the company’s stockholders.
On August 9, 2021, Golden Nugget announced that it would be acquired by DraftKings in an all-stock transaction. Under the terms of the proposed agreement, Golden Nugget stockholders are expected to receive a fixed ratio of 0.365 shares of DraftKings’ common stock for each share of GNOG common stock that they hold.
The investigation seeks to determine whether Golden Nugget’s board of directors violated the securities laws or breached their fiduciary duties in connection with the proposed transaction, and whether Golden Nugget’s stockholders are expected to receive sufficient consideration for their GNOG shares.
Golden Nugget stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the information form on this page, for additional information about this investigation and their legal rights and options.