Shareholder Alert: Ademi LLP investigates whether Golden Nugget Online Gaming, Inc. has obtained a Fair Price in its transaction with DraftKings

MILWAUKEE, Aug. 9, 2021 /PRNewswire/ -- Ademi LLP is investigating Golden Nugget Online Gaming (Nasdaq: GNOG) for possible breaches of fiduciary duty and other violations of law in its transaction with DraftKings.

Click here to learn how to join the action: https://www.ademilaw.com/case/golden-nugget-online-gaming-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges Golden Nugget Online Gaming's financial outlook and prospects are excellent and yet Golden Nugget Online Gaming shareholders will receive only a fixed ratio of 0.365 shares of New DraftKings' Class A Common Stock for each Common Share of Golden Nugget Online Gaming. The merger agreement unreasonably limits competing bids for Golden Nugget Online Gaming by prohibiting solicitation of further bids, and imposing a substantial penalty if Golden Nugget Online Gaming accepts a superior bid. Golden Nugget Online Gaming insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Golden Nugget Online Gaming's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Golden Nugget Online Gaming.

If you own Golden Nugget Online Gaming common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/golden-nugget-online-gaming-inc.                      

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP