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Stock Market & Financial Investment News

News Breaks
March 30, 2013
19:19 EDTCHDNChurchill Downs to acquire Oxford Casino in Oxford, Maine
Churchill Downs Incorporated announced that it has entered into a definitive purchase agreement to acquire Oxford Casino in Oxford, Maine, for total consideration of approximately $160M, to be paid in cash.The transaction, which is dependent on the company securing a gaming license from the Maine Gaming Control Board, and on other usual and customary closing conditions, is anticipated to close in the fourth-quarter of 2013. If certain closing conditions are not satisfied, the company could be obligated to pay an $8M termination fee.
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