Boyd Gaming (BYD) REIT Conversion Now Unlikely Scenario - Janney
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March 11, 2014 10:36 AM EDT
Sterne Agee analyst David Bain is sticking with a Neutral rating and $9.50 price target on Boyd Gaming (NYSE: BYD) amid news activist fund Elliot Associates showed a new stake in the company and speculation they may push for value creation in the form... More
March 10, 2014 5:33 PM EDT
In a 13D filing on Boyd Gaming Corp. (NYSE: BYD), hedge fund Elliott Associates disclosed a 4.99%, or 5,380,000 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending December 31, 2013.
NOTE: Collectively, Elliott, Elliott International and EICA have combined economic exposure and voting power in the Issuer of approximately 7.00% and 4.99%, respectively, of the Common Stock outstanding.
Purpose of Transaction.
The Reporting Persons purchased the securities of the Issuer reported herein based on the Reporting Persons belief that such securities, when purchased, were undervalued and... More
