Isle of Capri called a takeover target

Friday, June 2, 2000 | 10:54 a.m.

The stock of casino operator Isle of Capri Casinos Inc. advanced 25 cents to $15.13 this morning after Business Week reported the Mississippi company is considered a takeover target.

The stock rose $1.19 Thursday.

Business Week said in its June 12 edition's "Inside Wall Street" column that some analysts put Isle of Capri's worth at $18 a share and, in a buyout, $25 per share.

Gaming companies in Las Vegas and London may be interested in Isle of Capri, Business Week indicated.

Isle, based in Biloxi, Miss., is purchasing the Flamingo Hilton riverboat casino in Kansas City, Mo., and has casino projects elsewhere in Missouri and in Iowa, Mississippi, Louisiana and Colorado.

archive