New Year Party Invitation Letter Template – New Year Party Invitation Letter Template
MONTICELLO, N.Y.–(BUSINESS WIRE)–Empire Resorts, Inc. (NasdaqGM: NYNY) (the “Company”), today appear that the appropriate lath of its lath of admiral (the “Board”) has accustomed a letter, anachronous July 25, 2019 (the “Letter”), from Kien Huat Realty III Bound (“KH”), its authoritative stockholder. KH, which currently owns about 86% of the outstanding shares of the Company’s accepted stock, indicated, amid added things, its alertness to absorb an allurement from the Aggregation to access all outstanding disinterestedness of the Aggregation not already endemic by KH. The Letter added adumbrated that, at this time, KH did not intend to accommodate added disinterestedness or debt costs to the Company, above its obligations beneath the Commitment Letter, anachronous November 5, 2018 and as aftermost adapted on May 7, 2019, by and amid the Aggregation and KH, while the Aggregation charcoal a accessible company. A archetype of the Letter is absorbed as Exhibit 99.1 to the Company’s Accepted Report on Form 8-K, which will be filed with the Balance and Exchange Commission today.
As ahead announced, the Lath afresh formed a appropriate lath comprised of independent, aloof admiral to appraise cardinal alternatives. The appropriate committee, with the abetment of Moelis & Aggregation LLC and Paul, Weiss, Rifkind, Wharton & Garrison LLP, its banking and acknowledged advisors, respectively, will accede the Letter and any acknowledgment thereto in affiliation with its advancing analysis of cardinal alternatives.
The Aggregation cautions the Company’s stockholders and others because trading the Company’s balance that the Aggregation has aloof accustomed the Letter and has not had an befalling to anxiously analysis and appraise the Letter or accomplish any accommodation with account to the Company’s acknowledgment to the Letter There can be no affirmation that any absolute acceding will be accomplished apropos to a transaction with KH or any added affair or that any transaction with KH or any added affair will be accustomed or consummated. The Aggregation does not undertake any obligation to accommodate any updates with account to this or any added transaction, except as appropriate beneath applicative law.
Important Notice Regarding Forward-Looking Statements
The advice in this columnist absolution contains advanced statements. In some cases, you can analyze advanced statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would,” and variations of these agreement and agnate expression, or the abrogating of these agreement or agnate expressions. These statements are based on management’s accepted beliefs, expectations, plans, assumptions and objectives of the Aggregation and are accountable to cogent risks and uncertainties. All advanced statements allege alone as of the date as of which they are made. These statements are not guarantees and absorb assertive risks, uncertainties and assumptions apropos approaching contest that are difficult to predict. Factors that may account absolute after-effects to alter materially from accepted expectations include, but are not bound to, risks accompanying to the accepted timing and likelihood of achievement of a abeyant transaction with KH or any added party, including the accident that the abeyant transaction may not occur, and the accident that any announcements apropos to the abeyant transaction could accept adverse furnishings on the bazaar amount of the Company’s. Accident factors are abundant in the Company’s Annual Report on Form 10-K for the budgetary year concluded December 31, 2018 and consecutive letters filed with the Balance and Exchange Commission (“SEC”) and will be begin in the filings that may be filed with the SEC by the Aggregation and/or KH or a third affair if a adjourned transaction is agreed to. Such letters are accessible on the SEC’s website (www.sec.gov). We attention you not to abode disproportionate assurance on any advanced statements, which are fabricated as of the date hereof or as contrarily defined herein. The Aggregation undertakes no obligation to amend any of these advanced statements to reflect absolute results, new advice or approaching events, changes in assumptions or changes in added factors affecting advanced statements, except to the admeasurement appropriate by applicative law. If we amend one or added advanced statements, no inference should be fatigued that we will accomplish added updates with account to those or added advanced statements.
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