Cirsa Shares Jump After All-Stock Deal With Lottomatica, Pre-Closing Payout Boosts Rally
Cirsa Enterprises stock climbed sharply after the company and Italy's Lottomatica filed a binding all-stock merger agreement with Spain's CNMV. The terms include an exchange ratio that leaves Lottomatica shareholders with roughly 67.5% of the combined business and an extraordinary pre-closing dividend for Cirsa holders, while Blackstone has pledged…