White & Case advises GameStop on distribution of up to US$1.9 billion in warrants to shareholders

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Global law firm White & Case LLP has advised GameStop Corp. (NYSE: GME), a leading specialty retailer offering games and entertainment products through its e-commerce platforms and thousands of stores across multiple geographic segments, on its distribution of warrants to purchase GameStop common stock to its shareholders and convertible noteholders.

Each warrant initially entitles the holder to purchase, at the holder's sole and exclusive election, at a cash exercise price of US$32.00, one share of GameStop common stock. If fully exercised, the warrants are expected to generate up to approximately US$1.9 billion of gross proceeds for GameStop.

The White & Case team was led by Capital Markets partner Drew Valentine and M&A partners Richard Brand and Erica Hogan (all in New York). The team also included Capital Markets associates Allan Lemos (Miami) and Guiying Ji (New York); and Tax partner Neil Clausen and associate Andrew Lambrecht (both in Houston).

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