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Wynn Resorts terminates merger with SPAC that would have taken sub Wynn Interactive public

·1 min read
Wynn Resorts terminates merger with SPAC that would have taken sub Wynn Interactive public
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  • WYNN
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Wynn Resorts Ltd. said Friday that the previous merger agreement with special purpose acquisition company (SPAC) Austerlitz Acquisition Corp. I , which would have taken subsidiary Wynn Interactive Ltd. public, has been terminated effective immediately. Wynn's stock was little changed in premarket trading while Austerlitz shares fell 1.8%. "As we discussed on the Wynn Resorts, Limited third quarter earnings conference call earlier this week, in light of elevated marketing and promotional spend in