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Stock impact report

Endeavor's Take-Private Sparks Hedge Fund Face-Off With Silver Lake Over Buyout Price [Yahoo! Finance]

TKO Group Holdings, Inc. Class A (TKO) 
Company Research Source: Yahoo! Finance
By appearances, it was an unusual buy. Endeavor had been trading above the $27.50 per share stockholders were slated to receive as part of the deal for most of the past year. He saw a play hedge funds have been jumping on in recent months: a form of merger arbitrage that could force Silver Lake to increase its payout to investors. More from The Hollywood Reporter Ari Emanuel Receives $174M Payout From Silver Lake in Endeavor Take-Private Endeavor Goes Private as Silver Lake Deal Closes: New Roles for Ari Emanuel, Mark Shapiro, Patrick Whitesell As Endeavor Take-Private Nears, Representation Revenue Surges Past $500M in Fourth Quarter Several funds are taking to Delaware Chancery Court seeking revaluation of their shares. On Thursday, four funds filed petitions targeting the transaction. They join at least eight others, including Fifth Lane Partners Fund and North Commerce Parkway Capital, as well as affiliates of HBK Capital Management Group LP and UBS Group AG, that've alr Show less Read more
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