Any potential acquirers know this is a rare opportunity to pick up US market share at a competitive price. If they pass then one of the competitors will snap it up. They can't get their dominant market position through just organic growth, there has to be M&A, all the executives know this. That alone is a big tick for this US sale. Do they really care if its a loss making business? Who isn't burning cash? Its just a land grab and this is a opportunistic time to be buying.
Moelis has successfully executed a number of deals in the US online gaming space over the past few years.
What will happen in the event a sale gets announced which beats market expectations? How big will the squeeze be? If you are still shorting, hats off to you. Maybe it will be pants off when a sale gets announced.
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Mkt cap ! $231.9M |
Open | High | Low | Value | Volume |
74.0¢ | 74.5¢ | 69.0¢ | $932.3K | 1.303M |
Buyers (Bids)
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3 | 21919 | 69.5¢ |
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1 | 23572 | 0.685 |
3 | 35539 | 0.680 |
2 | 4590 | 0.670 |
1 | 1000 | 0.665 |
Price($) | Vol. | No. |
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0.700 | 10785 | 1 |
0.715 | 9424 | 1 |
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