Topic: How To Invest

Spinoffs & Takeovers Hotline – Thursday, April 9, 2020

Article Excerpt

DAVE & BUSTER’S ENTERTAINMENT INC., $14.68, symbol PLAY on Nasdaq, operates 137 large entertainment and dining venues in 39 states, Puerto Rico, and Canada. The company offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centred around playing games and watching live sports and other televised events. Dave & Buster’s is now reportedly exploring the sale of a piece of the company to a private equity firm. It is considering the sale due to a steep decline in revenues following the closure of its venues with onset of the coronavirus lockdown. As of March 20, 2020, the company had temporarily closed all of its locations. Private equity firms are lining up to offer deals to cash-strapped companies that have seen their revenue plummet in the wake of the coronavirus outbreak, shutting down large portions of the global economy. Several companies have turned to these deals in recent days to…