Wynn Resorts and Austerlitz Acquisition Corp. I terminate merger deal - NewsBreak

Wynn Resorts (Nasdaq: WYNN) and Austerlitz Acquisition Corp. I (NYSE: AUS), a SPAC formed by Bill Foley, terminated their $3.2 billion merger agreement for Wynn's online betting unit. No explanation was given. Why it matters: This is the latest reminder that SPAC merger announcements don't always result in SPAC...