SunTrust Says Dave & Buster's (PLAY) LBO is 'Feasible', Could Be Worth Upper $50s in Deal
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KKR's Dave & Buster's (PLAY) Stake Part of Public Equity Strategy; Not an Activist Play, Seeks to be 'Helpful Shareholder' - Sources
January 17, 2020 12:18 PM EST(Updated - January 17, 2020 12:47 PM EST)
Shares of Dave & Buster's Entertainment (NASDAQ: PLAY) rose over 12 percent Friday following a 13D disclosure showing private equity behemoth KKR amassed a 6.3% stake, and 10.7% economic interest in the company. However, despite speculation that KKR could target the entertainment venue in a takeover, sources indicated that the stake was part of KKRs 'public equity... More
Stifel Wouldn't Buy Dave & Buster's (PLAY) LBO Speculation
January 17, 2020 12:11 PM ESTStifel analyst Chris O'Cull weighed in on Dave & Buster's (NASDAQ: PLAY) KKR Special Situation Funds disclosed a 6.3% stake in the company. The analyst notes this is a separate line of business than KKR's private equity group.
O'Cull said based on a... More
KKR (KKR) Had Constructive Dialogue with Dave & Buster's (PLAY), Not Going Hostile - Bloomberg, Citing Axios
January 17, 2020 10:26 AM EST(Updated - January 17, 2020 10:27 AM EST)
KKR (NYSE: KKR) Had Constructive Dialogue with Dave & Buster's (NASDAQ: PLAY), Not Going Hostile - Bloomberg, Citing Axios
... MorePre-Open Stock Movers 01/17: (TLRD) (PLAY) (PRGS) Higher (DRRX) (EXPD) (JBHT) Lower (more...)
January 17, 2020 9:27 AM ESTToday's Pre-Open Stock Movers
DURECT Corporation (Nasdaq: DRRX) 17.3% LOWER; announced that the U.S. Food and Drug Administration's (FDA) Anesthetic and Analgesic Drug Products Advisory Committee (AADPAC) met yesterday to discuss the Class 2 New Drug Application (NDA) resubmission for POSIMIR® (bupivacaine extended-release solution). In a split vote on the key question, six advisory committee members voted to recommend that the efficacy, safety, and overall risk-benefit profile of POSIMIR support approval, while six did not support approval based on the information presented.
Tailored Brands, Inc. (NYSE:... More
KKR Shows 6.3% Active Stake in Dave & Buster's Entertainment, Inc. (PLAY)
January 17, 2020 7:36 AM EST(Updated - January 17, 2020 7:38 AM EST)
In a 13D filing on Dave & Busters Entertainment, Inc. (NASDAQ: PLAY), hedge fund KKR disclosed a 6.3%, or 1,938,476 share, active stake in the company. Its previously disclosed stake was 810,838 shares.
From the filing:
The Reporting Persons acquired the securities reported herein for investment purposes and intend to review their investments in the Issuer on a continuing basis. Depending on various factors, including but not limited to the Issuers financial position and strategic direction, price levels of the Common Stock, conditions in the securities markets,... More
