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Article: Mandalay Media Announces Proposal to Acquire World Poker Tour for $35 million in Cash and Stock; $1.69 Per Share.
- Article from:
- Entertainment Newsweekly
- Article date:
- November 13, 2009
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Mandalay Media, Inc. (OTC Bulletin Board: MNDL) announced that it has submitted a proposal to the Board of Directors of WPT Enterprises, Inc. (NASDAQ:WPTE) to acquire WPT for $35 million in cash and stock. Shareholders would receive cash and stock of $1.69 per share, based on WPT's recent outstanding shares and disregarding options. The proposal represents a premium of approximately 54% over the closing price of WPT's common stock on October 26, 2009 and a premium of approximately 23% over the implied value at closing of WPT's pending asset sale with Peerless Media Ltd.
In a letter to WPT's Board of Directors, Mandalay's Co-Chairman Robert Ellin stated that ...
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Article: SATC, SYBR, WPTE, WSTM, ZVXI, AGXM Have Also Been Added To ...
M2 Presswire;
May 16, 2006 ;
700+ words
... ... May 2006-BUYINS.NET: SATC, SYBR, WPTE, WSTM, ZVXI, AGXM Have Also Been Added ... WPT Enterprises, Inc. (NASDAQ: WPTE), Workstream Inc. (NASDAQ: WSTM ... SYBR. WPT Enterprises, Inc. (NASDAQ: WPTE) engages in the development, production ...
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