Golden Nugget’s Parent Tries to Halt Proposed Deal, but SPAC Says No

Golden Nugget’s Parent Tries to Halt Proposed Deal, but SPAC Says No

Golden Nugget parent Fertitta Entertainment Inc. wants out of its SPAC deal, but the acquirer is rejecting the move.

Fertitta said in a letter this week that it plans to terminate its proposed merger with special-purpose-acquisition company Fast Acquisition Corp., on the basis that the deal didn’t close by Dec. 1, the deal’s termination date.