Shareholders Approve Eldorado-Isle of Capri Merger

Shareholders of regional casino operators Eldorado Resorts (NASDAQ: ERI) and Isle of Capri Casinos (NASDAQ: ISLE) both agreed on Wednesday to the $1.7 billion merger proposed last September. Eldorado offered to buy Isle of Capri for $23 a share, which represented a 36% premium over where the latter’s stock was trading prior to the announcement, and would be split 58% to 42% between cash and stock. …read more

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