Full House Resorts (FLL) says expression of interest reflects price that is significantly below recent and past trading

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Z Capital Partners and Affinity Gaming Proposes to Acquire Full House Resorts (FLL)

October 22, 2018 8:06 AM EDT

Z Capital Partners ("Z Capital"), a leading alternative asset manager of private equity and credit funds, and its affiliate, Affinity Gaming ("Affinity"), today announced a proposal to acquire Full House Resorts ("Full House" or the "Company") (Nasdaq: FLL), a leading owner, developer and operator of gaming facilities throughout the country.

The proposed transaction would be structured as a cash or stock transaction with an enterprise value of the Company of $132.5 million, which equates to $1.79 per share on a fully diluted basis.

"Our proposal represents a unique and compelling opportunity to maximize... More