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The Stars Group (TSG) Has Surged To A New High After Acquisition

The Stars Group (TSG) announced Monday morning that it has agreed to acquire Sky Betting & Gaming from CVC Capital Partners and Sky plc for $4.7 billion in a cash and stock deal.

The Stars Group gapped open higher this morning and has risen sharply in early trade. Shares are now up 2.95 at $32.25. The stock has surged to a new high for the year.

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