Boyd Gaming (BYD) Higher Following Station Casinos' (STN) Takeover Offer
Shares of Boyd Gaming Corp. (NYSE: BYD) are 6% higher in early action following news this morning that a management-led group offered to buy Station Casinos, Inc. (NYSE: STN) for $82 per share.
STN and BYD had been seen as the next gaming companies to go.
Takeover speculation in the group has been rampant since Harrah's Entertainment (NYSE: HET) received a $15 billion buyout proposal from private equity firms Apollo Management and Texas Pacific Group in October.
STN and BYD had been seen as the next gaming companies to go.
Takeover speculation in the group has been rampant since Harrah's Entertainment (NYSE: HET) received a $15 billion buyout proposal from private equity firms Apollo Management and Texas Pacific Group in October.
Labels: BYD, HET, Management Led Buyout, Private Equity, STN
posted by Lon at 10:42 AM
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