Global law firm Greenberg Traurig, LLP represented Sega Sammy Creation Inc. in its acquisition of GAN Limited, a Nasdaq listed company that is a leading international B2B technology provider of internet gaming solutions and a B2C operator of internet sports betting.
Sega Sammy Creation is a gaming machine manufacturer and subsidiary of Sega Sammy Holdings, an international conglomerate operating entertainment, gaming, and resorts businesses.
Once the merger is complete, GAN’s issued ordinary shares will be converted into the right to receive $1.97 per share in cash, reflecting a 121% premium over the closing price of GAN’s ordinary shares on the last trading day before this acquisition was announced. GAN will become a wholly owned subsidiary of Sega Sammy Creation.
The Greenberg Traurig team representing Sega Sammy Creation was led by Koji Ishikawa, managing shareholder of the firm’s Tokyo office, and Jae Woo Park, Corporate shareholder in the firm’s New York and Northern Virginia offices, and included Erica L. Okerberg, Las Vegas shareholder and vice chair of Greenberg Traurig's Global Gaming Practice, and New York Corporate Associate Patrick Seo.
Other shareholders included Kara M. Bombach (Washington, D.C., International Trade), David Edington (Las Vegas, Real Estate), Jeffrey K. Ekeberg (Chicago, Tax), Naomi Feinstein (London, Labor & Employment), David M. Greenberg (New York, Intellectual Property & Technology), August Huelle (New York, Tax), Stephen M. Pepper (New York, Antitrust), Keshia M. Tiemann (Atlanta, Labor & Employment), Edward R. Winkofsky (Chicago, Gaming Practice); Of Counsels Tzy-Ying (Sandy) Chiu (New York, Intellectual Property & Technology), Sonali Dohale (Washington D.C., International Trade), Ephraim Schmeidler (Tel Aviv and New York, Corporate and Securities Law); Practice Group Attorney Rebecca Tracy Rotem (Washington, D.C., Antitrust); Senior Associate Aaron R. Katz (Tel Aviv and Chicago, Corporate); Associates Henry Agee (Las Vegas, Real Estate), Megan Eckel (Atlanta, Labor & Employment), Conor Griffin Goetz (Northern Virginia, Corporate), John S. Jongbloed (Northern Virginia, Corporate), Shuhei Mikiya (Tokyo, Litigation), Madeline Orlando (Sacramento, International Trade), Phillip Popkin (New York, Tax), and Michael J. Thurmond (Northern Virginia, Corporate).
Original source can be found here.