Monday, December 04, 2006

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.

Labels: , , , ,


Post a Comment

<< Home