Cohn Robbins Holdings in an 8-K filing today included a revised investor presentation highlighting its proposed acquisition of multinational lottery operator Allwyn.
Announced last month, the deal includes $828 million of cash in the SPAC’s trust and a $350 million PIPE. The combined companies would have an enterprise value of approximately $9.3 billion, the SPAC said.
Assuming a price of $10 per share of the SPAC’s common stock at the closing of the transaction, non-redeeming shareholders would receive, in exchange for each share of CRHC common stock held, shares of the post-combination company with value equating to between $10.80 (asuming no redemptions) and $14 (assuming redemptions resulting in the maximum exchange ratio). Read more.
