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Sept. 15, 2021, 10:21 a.m. EDT

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Golden Nugget Online Gaming, Inc. (GNOG) and Encourages Stockholders to Contact the Firm

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September 15, 2021 (ACCESSWIRE via COMTEX) -- PHILADELPHIA, PA / ACCESSWIRE / September 15, 2021 / Kaskela Law LLC announces that it is investigating Golden Nugget Online Gaming, Inc. ("Golden Nugget") /zigman2/quotes/212688524/composite GNOG +6.73% on behalf of the company's stockholders.

On August 9, 2021, Golden Nugget announced that it would be acquired by DraftKings in an all-stock transaction. Under the terms of the proposed agreement, Golden Nugget stockholders are expected to receive a fixed ratio of 0.365 shares of DraftKings' common stock for each share of GNOG common stock that they hold.

The investigation seeks to determine whether Golden Nugget's board of directors violated the securities laws or breached their fiduciary duties in connection with the proposed transaction, and whether Golden Nugget's stockholders are expected to receive sufficient consideration for their GNOG shares.

Golden Nugget stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/cases/golden-nugget-online-gaming-inc/ , for additional information about this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com . This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:D. Seamus Kaskela, Esq.

KASKELA LAW LLC18 Campus Boulevard, Suite 100Newtown Square, PA 19073(484) 258 - 1585(888) 715 - 1740

skaskela@kaskelalaw.com

www.kaskelalaw.com

SOURCE: Kaskela Law LLC

View source version on accesswire.com: https://www.accesswire.com/664198/SHAREHOLDER-ALERT-Kaskela-Law-LLC-Announces-Investigation-of-Golden-Nugget-Online-Gaming-Inc-GNOG-and-Encourages-Stockholders-to-Contact-the-Firm

COMTEX_393383968/2457/2021-09-15T10:21:25

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright 2021 ACCESSWIRE

/zigman2/quotes/212688524/composite
US : U.S.: Nasdaq
$ 7.45
+0.47 +6.73%
Volume: 598,772
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$546.03 million
Rev. per Employee
$657,905
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