Why Isle of Capri Casinos' Shares Plunged 15% Today [The Motley Fool]
Isleworth Healthcare Acquisition Corporation - Common stock (ISLE)
US:NASDAQ Investor Relations:
isleofcapricasinos.investorroom.com/news-releases
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Source: The Motley Fool
As Isle of Capri Casinos moves closer to a buyout, its stock is falling for a strange reason. Travis Hoium ( TMFFlushDraw ) Apr 27, 2017 at 12:49PM What happened Shares of gambling company Isle of Capri Casinos ( NASDAQ:ISLE ) fell as much as 14.6% in trading Thursday as a buyout approaches. At 11:50 a.m. EDT shares were still down 13.8% on the day. So what Eldorado Resorts ' ( NASDAQ:ERI ) buyout of Isle of Capri has cleared all regulatory hurdles and will close on May 1, 2017, according to an SEC filing . The buyout was for $23 per share in cash or 1.638 shares of Eldorado stock for each share of Isle of Capri stock, with the restriction that 58% of the buyout would be paid in cash and the rest comprise stock. Image source: Getty Images. Shareholders still holding shares will likely get $13.34 in cash and 0.688 shares of stoc
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