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Stock Market & Financial Investment News

News Breaks
November 20, 2012
08:48 EDTCHDNChurchill Downs raises annual dividend 20%, to 70c per share from 60c per share
Churchill Downs announced an annual dividend of 72c per share on CDI's common stock, payable December 21, to shareholders of record on November 28. The board also approved accelerating the typical January annual payment to December 21, to take advantage of the existing 2012 tax rates, due to the uncertainty over the tax rates that will be in effect in 2013. CDI Chairman and CEO Robert L. Evans said, "The board elected to increase this year's annual dividend payment to 72c per share of common stock, from the 60c per share based on the company's year-to-date performance."
News For CHDN From The Last 14 Days
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November 14, 2014
07:41 EDTCHDNChurchill Downs outlook has improved, says Wells Fargo
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November 13, 2014
06:01 EDTCHDNChurchill Downs to host conference call
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November 12, 2014
16:35 EDTCHDNChurchill Downs to acquire Big Fish Games
Churchill Downs and Big Fish Games announced they have entered into a definitive merger agreement under which CDI will acquire all of the outstanding stock and equity interests of the privately held Big Fish.The transaction is structured on a cash-free/debt-free basis and is valued at up to $885M, including a base consideration of $485M and a potential earn-out payment of up to $350M based on 2015 Adjusted EBITDA, and a potential bonus payment to the founder and current CEO of Big Fish, Paul Thelen, of $50M based on 2016 bookings. The purchase price will be paid in cash, except for approximately $15M paid in CDI common stock to Paul Thelen. The merger, which has been approved by the Boards of Directors of both companies, is conditioned upon receipt of required regulatory approvals and other customary closing conditions. Subject to the satisfaction of these conditions, the transaction is expected to close by the end of the year.

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