Gaming and Leisure Properties (GLPI) Prices 7.7M Share Offering at $44.75/sh

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After-Hours Stock Movers 12/06: (ACAD) (MDB) (DWAC) Higher; (HQY) (OWL) (SI) Lower (more...)

December 6, 2021 5:27 PM EST

After-Hous Stock Movers

HealthEquity (NASDAQ: HQY) 26% LOWER; reported Q3 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $180 million versus the consensus estimate of $185.05 million. HealthEquity sees FY2022 EPS of $1.30-$1.35, versus the consensus of $1.48. HealthEquity sees FY2022 revenue of $750-755 million, versus the consensus of $762.3 million.

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) 23.8% HIGHER; announced positive top-line results from the pivotal, Phase 3 Lavender study evaluating the efficacy and safety of trofinetide in 187 girls and young... More

Gaming and Leisure Properties (GLPI) and The Cordish Companies Announce Strategic Relationship: GLPI to Acquire the Real Estate Assets of Three Cordish Live! Casino Properties for $1.81 Billion

December 6, 2021 4:09 PM EST

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company) announced today that it entered into definitive agreements to acquire the real property assets of Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia, and Live! Casino Pittsburgh, including applicable long-term ground leases, from affiliates of The Cordish Companies (Cordish). The initial transaction has an aggregate consideration of approximately $1.81 billion. Cordish will immediately lease back all the properties, and continue uninterrupted to own, control and manage all the gaming operations of the facilities. The transaction for the three properties includes not only the existing real... More

Gaming and Leisure Properties (GLPI) Announces 7.7M Share Offering

December 6, 2021 4:06 PM EST

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that it has commenced an underwritten public offering to sell 7,700,000 shares of common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,155,000 shares of common stock.

The Company intends to use the net proceeds from the offering to partially finance the acquisition of the real property assets of Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia, and Live! Casino Pittsburgh, including applicable long-term ground leases, from affiliates of The Cordish Companies (the Cordish Acquisitions).... More