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Fly News Breaks for January 17, 2020
PLAY
Jan 17, 2020 | 09:54 EDT
After KKR (KKR) filed a 13-D disclosing a 10.7% position in Dave & Buster's (PLAY) when accounting for both its shareholdings and derivatives position, Raymond James analyst Brian Vaccaro republished his thoughts around a hypothetical leveraged buyout scenario, in which he believes a takeout valuation in the mid-$50s could be supported. Vaccaro noted that KKR's filing did not include any specific plans or proposals and also noted that D&B has another activist investor, Hill Path, "with significant PE ties." Vaccaro maintains a Market Perform rating on Dave & Buster's shares.
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