Dover Downs to consider Twin River merger next month

The company will meet next month to talk about the merger. Credits:

The company has scheduled a meeting for March 26 to approve a merger with Twin River.

US.- Dover Downs Gaming & Entertainment and Twin River Worldwide Holdings, Inc. announced on Friday that the former’s stockholders will meet on March 26 at the Dover Downs Hotel & Casino to consider the merger between the companies.

Twin River’s registration statement containing the Dover Downs proxy statement in respect of the merger with Twin River had been declared effective by the Securities and Exchange Commission, the companies reported.

Dover Downs stockholders of record at the close of business on February 5 are eligible to vote at the March 26 meeting. “Subject to the receipt of stockholder approval and the satisfaction of other conditions including regulatory approvals as set forth in the parties’ SEC filings, the merger is expected to close shortly following the special meeting,” said the companies in a statement issued on Friday.

Twin River owns and manages two casinos in Rhode Island and one in Mississippi, as well as a Colorado horse race track that possesses 13 OTB licenses. Properties include Twin River Casino Hotel (Rhode Island), Hard Rock Hotel & Casino (Mississippi), Tiverton Casino Hotel (Rhode Island) and Arapahoe Park (Colorado).

Did you like this article?