FAST Acquisition today in an 8-K filing said it has indefinitely postponed a shareholder vote that had been scheduled for tomorrow, Dec. 10, on its proposed merger with Fertitta Entertainment for the acquisition of the Golden Nugget and Landry’s businesses. The move follows last week’s disclosure that Fertitta is trying to terminate the deal, which FAST Acquisition is refusing to do.
Lawsuits have been threatened.
Terms of the deal announced in February included a provision that either party could quit the deal if it did not close by Dec. 1. Fertitta informed the SPAC the following day of its intention to pull out. FAST contends that Fertitta delivered essential financial documents more than three months late, which is why the deal failed to close by the deadline. Read more.
