CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
SEARCH NEWS:
Search Our Archive of Gaming Articles 
 

Black Hawk Gaming CEO Offer Deadline Withdrawn

26 March 2001

BLACK HAWK, Colorado – (Press Release) -- March 26, 2001 -- Casino operator Black Hawk Gaming and Development Co. Inc. (NasdaqNM:BHWK) said on Monday a deadline for chief executive officer and part-owner Jeffrey Jacobs to buy remaining shares of the company had been withdrawn.

The company said Jacobs, who last month offered to buy outstanding shares in the company for $11 a share, retained the right to withdraw his offer -- previously set for withdrawal on March 26 -- at any time.

It said its special committee continued to evaluate the offer, together with financial advisor Robertson Stephens Inc. Jacobs' offer represent a premium of $2-3/4 on the company's trading price of $8-1/4 in Nasdaq mid-morning trading on Monday.

< Gaming News