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Casino operator Trump Entertainment Resorts said Monday it did not reach a deal with potential acquirers and has ended discussions to sell itself, sending its shares down 14 percent.
U.S. Stocks closed broadly higher, posting the best weekly gain in nearly two months, following tame inflation news. "The market has so much upward momentum right now," said Darin Richards, chief investment officer at AKT Wealth Advisors. "I don't think I see anything right now that would really derail this market substantially."
With aerospace companies likely to get a bump from the Paris Air Show and some key earnings reports on deck, there's plenty of action in the market for investors. Here are Cramer's picks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Casino operator Penn National Gaming said Friday that it agreed to be acquired for about $8.9 billion, including $2.8 billion in outstanding debt.
American travelers have several forces working against them this summer: gasoline prices and airfares are edging higher, while vacationing overseas will be a lot more expensive given the sagging dollar. While those factors may keep some folks closer to home, some analysts say a beleaguered greenback may actually help profits at some lodging and leisure companies this season
The gaming industry is ripe for buyout offers from private equity, Cramer says. If you play your cards right and buy this casino stock ahead of a takeover, you could beat the house.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The guys go behind the headlines and give you their take on ... Penn National Gaming and whether there's a satellite play with Imus. Find out where they're making fast money.
Gary Loveman, the chief executive of casino giant Harrah's Entertainment, will receive about $94 million in stock options and other rights if the world's largest casino buyout deal is consummated, according to documents filed with the Securities and Exchange Commission.
Harrah's Entertainment confirmed it has agreed to be acquired for $90 a share in cash, or $17.1 billion, by two private equity firms.
Harrah's Entertainment has tentatively agreed to be acquired for $16.7 billion by two private equity firms, people familiar with the situation have told CNBC's David Faber.
It looks like Harrah's the world's largest casino company is going private. Late word has the gaming company selling to private equity buyers for almost $17 billion, a $90 per share buyout. On today’s “Street Signs” Erin Burrnett spoke with David Katz of CIBC World Markets about the impact of the deal and other companies might be looking for deals of their own.
The Harrah's Entertainment board is poised to accept a buyout bid from Apollo Management and Texas Pacific, with an offer of at least $90 per share, according to the Wall Street Journal.
U.S. stocks look ready to open slightly higher after yesterday's rally took the Dow to a record and the S&P to six year highs. CPI is reported this morning and the inflation measure could help set the tone. Lots of merger activity around the globe is helping lift world stock markets. European shares rose on the back of US gains and takeover activity.
Harrah's Entertainment's s board is still deciding whether to accept a private equity buyout, contrary to speculation that the casino operator has opted to pursue a recapitalization instead, according to CNBC's David Faber.