Proposed sale of Great Canadian Gaming to Apollo quickly

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Great Canadian Gaming announces the reopening of Casino New Brunswick. 9, 2021 /CNW/ - Further to the announcement on February 8, 2021 from the New Brunswick provincial government that certain GC | Complete Great Canadian Gaming Corp. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview. On 2021-02-09, Great Canadian Gaming Corp (GC-T) stock closed at a price of $42.41. Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies. Apollo Global Management Inc. has agreed to pay $39 per share for the company - a price that Great Canadian's chief executive says is very good for shareholders. (Image: Great Canadian Gaming Corp) The Vancouver-based casino group announced Tuesday that the deal values the company at C$39 a share, which represents a 35 percent premium to the stock’s 3 analysts have issued twelve-month price targets for Great Canadian Gaming Co. (GC.TO)'s shares. Their forecasts range from C$27.00 to C$55.00. On average, they expect Great Canadian Gaming Co. (GC.TO)'s stock price to reach C$40.25 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. On the day Great Canadian released the information about Baker's sale, the company stock was trading as low as $23.24 per share. Less than a year later, on August 8th, 2017, shares of Great Canadian Gaming shot up 14.6 per cent, to $29.13, when word broke that the company would be Ontario's next casino business partner. View the latest GC stock quote and chart on MSN Money. Dive deeper with interactive charts and top stories of Great Canadian Gaming Corp. Great Canadian Gaming stock soared more than 35 per cent when the Toronto Stock Exchanged opened, gaining $10.11 to trade at $39.02 in early trading. The company runs 25 gaming, entertainment and... Apollo will pay C$39 a share for the Toronto-listed casino operator, Great Canadian Gaming said in a statement late Tuesday. That represents a 35% premium to the stock’s closing price of C$28.91.

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