Manchester Arena operator in multimillion-pound merger

Manchester Arena
The operator of Manchester Arena has agreed to a merger that will lead to the creation of one of the world’s largest entertainment businesses. AEG Facilities, the venue management subsidiary of AEG, and arena operator SMG, have signed a definitive agreement to merge. The merger will create a multimillion pound business that will operate as ASM Global (“ASM”). Onex, the owners of SMG, and AEG’s subsidiary will each own 50% of the company following the completion of the transaction. The terms of the deal were not disclo... For the full story register now for free or login below...