Recommendation: Long MTR Gaming Group (MNTG) at $5.20
With two unsolicited acquisition offers topping the initial Eldorado Offer, shareholders are likely to see either a bump in the original Eldorado offer price and/or a change of recommendation to one of the two higher offers currently on the table. In either case, shareholders will probably receive a significantly better merger consideration. With the board meeting and a decision drawing near, shareholders may see a 4.8% gross return in the next 2 - 4 weeks. In order for shareholders to realize a 1.0% loss, the board would have to find a strong excuse to disregard the seemingly superior alternative offers.
Background of the Merger
As part of the consolidation trend...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|