Stars Group shareholders vote to approve deal with Flutter Entertainment

TORONTO – The Stars Group Inc. says its shareholders have voted overwhelmingly to approve a takeover of the company by Flutter Entertainment plc.

The company says 99.99 per cent of the shares voted at the meeting backed the deal.

The Stars Group signed a deal last year to be acquired by Flutter Entertainment in a combination that will create one of the world’s largest online betting and gambling companies.

Flutter shareholders approved the deal earlier this week.

The company says the agreement is still subject to remaining regulatory approvals and customary closing conditions and its expected to close in May.

Flutter shareholders will own about 55 per cent of the combined company, while Stars Group shareholders will own about 45 per cent.

This report by The Canadian Press was first published April 24, 2020.

Companies in this story: (TSX:TSGI)