- Eldorado Resorts (NASDAQ:ERI) acquires Isle of Capri (ISLE) for $23.00 in cash or a fixed consideration of 1.638 shares of Eldorado common stock.
- The total deal value is $1.7B, inclusive of $929M of long-term Isle debt.
- The company says the transaction is expected to be immediately accretive to Eldorado's free cash flow and EPS, inclusive of identified cost synergies of approximately $35M in the first year following the completion of the transaction.
- ISLE +29.36% premarket to $21.90.
- Source: Press Release