Oct 15 (Reuters) - 26 Capital Acquisition Corp ADER.O :

* PRESS RELEASE - OKADA MANILA, OWNER OF THE LEADING INTEGRATED GAMING RESORT IN THE PHILIPPINES, AND 26 CAPITAL ACQUISITION CORP. (NASDAQ: ADER), ANNOUNCE PLANS TO MERGE, RESULTING IN OKADA MANILA BECOMING A PUBLICLY TRADED COMPANY

* 26 CAPITAL ACQUISITION CORP - TRANSACTION VALUES OKADA MANILA AT AN ENTERPRISE VALUE OF $2.6 BILLION AND AN EQUITY VALUE OF $2.5 BILLION

* 26 CAPITAL ACQUISITION CORP - UNIVERSAL ENTERTAINMENT, PARENT COMPANY OF OKADA MANILA, IS ROLLING 100% OF ITS EQUITY IN COMPANY

* 26 CAPITAL ACQUISITION CORP - UPON CLOSING OF TRANSACTION, PUBLICLY TRADED CO WILL HAVE ITS COMMON STOCK LISTED ON NASDAQ THROUGH AN ADR PROGRAM.

* 26 CAPITAL ACQUISITION CORP - CO TO PROVIDE UP TO $275M OF CASH TO BUSINESS

* 26 CAPITAL ACQUISITION CORP - FOLLOWING CLOSING, OKADA MANILA WILL CONTINUE TO BE LED BY PRESIDENT BYRON YIP, CFO HANS VAN DER SANDE

* 26 CAPITAL ACQUISITION CORP - UNIVERSAL ENTERTAINMENT WILL RETAIN ALL OF ITS CURRENT HOLDINGS IN OKADA MANILA IN NEWLY PUBLICLY TRADED CO

* 26 CAPITAL ACQUISITION CORP - UNIVERSAL ENTERTAINMENT EXPECTED TO OWN ABOUT 88% OF COMBINED COMPANY AT CLOSING

Source text for Eikon: ID:nPn8qkzSTa Further company coverage: ADER.O

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