Gabelli Downgrades Isle of Capri Casinos (ISLE) to Hold
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Eldorado Resorts Enters Into Definitive Agreement To Acquire Isle Of Capri Casinos For $23 Per Share In Accretive Cash And Stock Transaction Valued At $1.7 Billion
September 19, 2016 6:31 AM EDTRENO, Nev. and ST. LOUIS, Sept. 19, 2016 /PRNewswire/ --Â Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") and Isle of Capri Casinos, Inc. (NASDAQ: ISLE) ("Isle of Capri" or "Isle") announced today that they have entered into a definitive merger agreement whereby Eldorado will acquire all of the outstanding shares of Isle of Capri for $23.00 in cash or 1.638 shares of Eldorado common stock, at the election of each Isle of Capri shareholder, reflecting total consideration of approximately $1.7 billion, inclusive of $929 million of... More
