CHRDANHUTCH
Registered User
SMG, commonly referenced as Spectra, has been bought by a group called ONEX, A private equity firm;
pending regulatory approval, AEG and SMG could be merged into one company....
AEG, who is known as AEG Facilities for its version of arena ownership/operation, or team ownership, will potentially be merged with Spectra, aka SMG into a new entity to be called ASM Global, which will jointly owned by AEG and ONEX:
Not included in the proposed merger are the operations and assets owned outright by AEG.... WHICH is limited to Staples Center:
SMG/ONEX holdings, include, but are not limited to: Mercedes Benz Superdome/Smoothie King Center (New Orleans); Soldier Field (Chicago); Chesepeake Energy Arena (OKC); Dunkin' Center aka Dunkin' Donuts Center (Providence, RI); Mohegan Sun Arena @ Casey Plaza (Wilkes-Barre, PA);
ASM Global remains in LA, with SMG's offices in West Conshocken, PA, will be the Eastern hub
FULL transcript :
AEG Facilities, SMG to Merge as ASM Global - Arena Digest
pending regulatory approval, AEG and SMG could be merged into one company....
AEG, who is known as AEG Facilities for its version of arena ownership/operation, or team ownership, will potentially be merged with Spectra, aka SMG into a new entity to be called ASM Global, which will jointly owned by AEG and ONEX:
Not included in the proposed merger are the operations and assets owned outright by AEG.... WHICH is limited to Staples Center:
SMG/ONEX holdings, include, but are not limited to: Mercedes Benz Superdome/Smoothie King Center (New Orleans); Soldier Field (Chicago); Chesepeake Energy Arena (OKC); Dunkin' Center aka Dunkin' Donuts Center (Providence, RI); Mohegan Sun Arena @ Casey Plaza (Wilkes-Barre, PA);
ASM Global remains in LA, with SMG's offices in West Conshocken, PA, will be the Eastern hub
FULL transcript :
AEG Facilities, SMG to Merge as ASM Global - Arena Digest