trending Market Intelligence /marketintelligence/en/news-insights/trending/LGdRwPIjSnU1qBnBvd5UZA2 content esgSubNav
In This List

Eldorado Resorts, Isle of Capri shareholders OK merger

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Eldorado Resorts, Isle of Capri shareholders OK merger

Eldorado Resorts Inc. and Isle of Capri Casinos Inc. won shareholder approvals for their proposed merger at separate meetings Jan. 25.

At Eldorado's meeting, holders of more than 99% of the company's shares voted in favor of the issuance of Eldorado's common shares in the merger, representing about 85% of Eldorado's outstanding common stock as of the meeting's record date.

At Isle of Capri's meeting, holders of more than 99% of the company's shares voted to approve the merger, representing about 84% of Isle's outstanding common stock as of the meeting's record date.

Under the roughly $1.7 billion deal, Eldorado will acquire all of Isle of Capri's outstanding shares for a per-share consideration of $23 in cash, or 1.638 Eldorado common shares.

The merger, which is expected to close in the second quarter, remains contingent on the approval of applicable gaming authorities and other customary conditions.