![]() ![]() The new company will continue to trade under the Flutter name, but it will be nothing short of massive and by far the largest online sports betting and gaming company in the world. If the merger is approved by both companies’ shareholders and compliant with all necessary regulatory approvals, the combination will create a new global leader in sports betting and gaming. The proposed deal will be subject to a shareholder vote in the second quarter of 2020 with the transaction expected to be completed during the third quarter of 2020. Flutter’s Chief Financial Officer, Jonathan Hill, will continue in the same position, with Flutter’s Gary McGann and TSG’s Duvyesh Gadhia becoming the new company’s Chairman and Deputy Chairman respectively. Once completed, current Flutter Chief Executive Peter Jackson will be at the helm, with reigning TSG chief executive Rafi Ashkenazi assuming the role of Chief Operating Officer. The recommended all-share combination sees 0.2253 Flutter Entertainment (Flutter) shares for every one share in The Stars Group (TSG), with Flutter’s shareholders owning approximately 54.64 percent of the new company and The Stars Group 45.36 percent.
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