Bally's board agrees to $18.25 per share buyout by Standard General, taking the casino company private. Plans for Chicago casino unchanged. [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
New York hedge fund Standard General, which owns about 25% of Bally's, reached an agreement with the board Thursday to buy out the rest of the stockholders at $18.25 per share, valuing the casino company at $975 million. The deal to take the Rhode Island-based Bally's private, which is pending shareholder and regulatory approval, is expected to close during the first half of 2025. “What it says is that myself and some of the other large inside shareholders believe that the future is bright, and want to put our money where our mouth is,” Soo Kim, chairman of Bally's and founding partner of Standard General, told the Tribune Thursday. As part of the deal, Bally's will be merged with Queen Casino & Entertainment, which is majority owned by Standard General and operates four casinos in three states, including DraftKings at Casino Queen in East St. Louis. The combined company would own 19 casinos in 11 states, including three in Illinois. In March, Standard General submitted an of
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News
- DraftKings (DKNG) Increases Despite Market Slip: Here's What You Need to Know [Yahoo! Finance]Yahoo! Finance
- NBA star's tequila brand unveils platinum chrome-finished, limited-edition bottle for $149.99 [FOX Business Network]FOX Business Network
- DraftKings to Release Third Quarter 2024 Results on November 7, 2024 and Host Conference Call on November 8, 2024GlobeNewswire
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Wells Fargo & Company from $47.00 to $52.00. They now have an "overweight" rating on the stock.MarketBeat
- DraftKings Inc. (NASDAQ: DKNG) had its "outperform" rating re-affirmed by analysts at BMO Capital Markets. They now have a $48.00 price target on the stock.MarketBeat
DKNG
Earnings
- 8/1/24 - Beat
DKNG
Sec Filings
- 10/3/24 - Form 4
- 9/27/24 - Form 4
- 9/25/24 - Form 144
- DKNG's page on the SEC website