Fertitta Entertainment, SPAC Call Off Planned $6.6B Merger

By Benjamin Horney (December 10, 2021, 3:04 PM EST) -- Fertitta Entertainment and FAST Acquisition Corp. have abandoned their planned $6.6 billion merger, and as part of a settlement related to the termination, the special-purpose acquisition company and its shareholders will receive up to $33 million to cover associated costs, the companies said Friday.

Fertitta Entertainment Inc. — the parent of casino operator Golden Nugget LLC and restaurant operator Landry's LLC — had been set to combine with FAST in an agreement announced Feb. 1. In June, they amended the deal to also include the Mastro's brand, as well as other restaurants and businesses owned by Feritta Entertainment, according to a...

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