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Mandalay Ups it bid for World Poker Tour
10/31/09 - The Mandalay Media last-minute attempt to snatch World Poker Tour Enterprises from earlier bidder and Party Gaming subsidiary Peerless Media continued to excite press attention going into the weekend.
In what appeared to be a response to possibly counter bidding, Mandalay Media increased its $35 million cash and stock offer further on Friday. This latest offer to WPT represents a premium of approximately 61 percent over the closing price of WPT's common stock on October 26 and a premium of approximately 28 percent over the implied value of WPT's pending asset sale with Peerless.
WPT certainly appears to have the right sort of appeal for would-be purchasers; in March this year, privately held investment group Gamynia Limited made an offer for the company which was subsequently rejected after PartyGaming subsidiary Peerless Media tabled a better offer.
Under the terms of the Peerless Media proposal, WPT Enterprises would receive $12.3 million followed by an on-going 5 percent share of revenues generated from the assets.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
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The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
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NBA Odds: Clippers Try to Slow Down Bucks in LA -
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The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
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Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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