Alberta’s top court approved IGP’s acquisition of Gamehost, paving the way for a $13.65 per share cash buyout to close this month, according to Casino.com.
Under the definitive arrangement terms, Pure Casino Entertainment Limited Partnership agreed to acquire all issued and outstanding common shares of Gamehost for $13.65 in cash per share.
The transaction was to be implemented by a plan of arrangement under the Business Corporations Act (Alberta). In the agreement release, the deal was also described as expected to close in mid-2026, subject to customary conditions including approval of the Court of King’s Bench of Alberta.
Gamehost’s deal required shareholder approvals, including at least two-thirds of the votes cast at a special meeting, and at least a majority of the votes cast after excluding certain votes for “majority of the minority” approval under MI 61-101.
Gamehost’s board of directors unanimously approved entering into the Arrangement Agreement, and it recommended that Gamehost shareholders vote in favour of the transaction.
The $13.65 offer represented a 16% premium to Gamehost’s closing price of $11.75 on March 27 and a 17% premium to Gamehost’s 20-day volume weighted average price of $11.67 as of that close.
As part of the arrangement terms, the agreement set a $12 million termination fee payable by Gamehost’s corporation to Pure in certain circumstances, along with a $5 million purchaser expense reimbursement fee payable by Gamehost to Pure in certain circumstances.
