Seaport Global Securities Downgrades Endeavor Group Holdings Inc (EDR) to Neutral Following Acquisition

Go back to Seaport Global Securities Downgrades Endeavor Group Holdings Inc (EDR) to Neutral Following Acquisition

Evercore ISI Downgrades Endeavor Group Holdings Inc (EDR) to In Line

April 3, 2024 4:28 AM EDT

Evercore ISI analyst Vijay Jayant downgraded Endeavor Group Holdings Inc (NYSE: EDR) from Outperform to In Line with a price target of $27.50 (from $28.00).

The analyst comments "Endeavor announced today that it has entered into a definitive agreement to be taken private by... More

Guggenheim Downgrades Endeavor Group Holdings Inc (EDR) to Neutral

April 3, 2024 2:42 AM EDT

(Updated - April 3, 2024 4:26 AM EDT)

Guggenheim analyst Curry Bakers downgraded Endeavor Group Holdings Inc (NYSE: EDR) from Buy to Neutral with a price target of $27.50 (from $36.00).

The analyst comments "We are lowing our rating to NEUTRAL from BUY, removing EDR from our Best Idea List, and lowering our price target to $27.50 (vs. $36 prior). Silver Lake (EDR's largest and controlling shareholder) announced an agreement to take Endeavor private this... More

UBS Downgrades Endeavor Group Holdings Inc (EDR) to Neutral Following Acquisition

April 2, 2024 11:25 PM EDT

(Updated - April 3, 2024 4:24 AM EDT)

UBS analyst John Hodulik downgraded Endeavor Group Holdings Inc (NYSE: EDR) from Buy to Neutral with a price target of $27.50 (from $31.00).

The analyst comments "Endeavor announced it has entered into an agreement to be acquired by shareholder Silver... More

Endeavor Group Holdings Inc. (EDR) To Be Taken Private at $27.50 Per Share by Silver Lake

April 2, 2024 12:31 PM EDT

Endeavor Group Holdings, Inc. (NYSE: EDR) (Endeavor or the Company), a global sports and entertainment company, today announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors.

Under the terms of the agreement, Silver Lake will acquire 100% of the outstanding shares it does not already own, other than rolled interests. Endeavor stockholders will receive $27.50 per share in cash, representing a 55% premium to the unaffected share price of $17.72 per share at market close on... More