Dover Downs Gaming & Entertainment, Inc. To Combine With Twin River Worldwide Holdings, Inc.
(WorldNews Business)

DOVER, Del. & LINCOLN, R.I.--(BUSINESS WIRE)--Jul 22, 2018--Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE) and Twin River Worldwide Holdings, Inc. announced today that they have entered into a definitive merger agreement. The proposed transaction will transform Twin River into a publicly traded company with strategically placed gaming and entertainment holdings throughout the United States. The merger contemplates that Dover Downs stockholders will exchange their Dover Downs stock for Twin River common shares representing 7.225% of the equity in the combined company at closing. Common Stock and Class A Common Stock of Dover Downs will be treated equally in the merger. The...