No Court Order: U.S. Judge Rejects Call to Finalize Casino Merger
A U.S. judge has declined to issue a court order compelling the completion of a proposed merger involving Philippine casino operator Okada Manila and a U.S.-based SPAC. The decision marks a major setback for parties pushing to finalize the deal, effectively allowing Okada Manila to walk away from the transaction. The ruling underscores the court’s position that the merger cannot be forced through legal action, adding further uncertainty to the future of the high-profile casino listing effort.
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