Legal Us Judge Says Universal Entertainment Does Not Have Close
The Philippines' largest casino, owned by an affiliate of Japan's Universal Entertainment Corp, does not have to complete a SPAC merger deal with 26 Capital Acquisition Corp of the U.S, a Delaware judge ruled on Thursday. Vice Chancellor Travis Laster said the affiliate that owned Okada Manila did not have to complete the $2.5 billion deal 2021 merger in part because 26 Capital "engaged in conduct that should not be rewarded" by ordering the deal to close.
https://www.reuters.com/legal/....us-judge-says-univer
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