Benzinga | Oct 7, 2021 08:12AM EDT

Penn National Gaming Receives Investment Canada Act Approval For Its Acquisition Of theScore

Score Media and Gaming Inc. (TSX:SCR, NASDAQ:SCR) ("theScore" or the "Company") is pleased to announce that Penn National Gaming, Inc. ("Penn National") has received approval from the Minister of Canadian Heritage under the Investment Canada Act in connection with its previously announced acquisition of theScore by way of a plan of arrangement (the "Arrangement").

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211007005577/en/

Subject to approval by theScore's shareholders at a special meeting (the "Meeting"), receipt of a final order in respect of the Arrangement from the Supreme Court of British Columbia, and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement with Penn National, the Arrangement is expected to close on October 19, 2021.