Why Dave & Buster's Stock Was a Bust Today
Dave & Buster's (NASDAQ: PLAY) is upsizing in a serious way.
Tuesday morning, the company announced that it has agreed to acquire family entertainment venue operator Main Event from its current owners. While this bulks up the company significantly and perhaps shifts its business focus, investors don't seem pleased by the move. They traded the stock down by more than 8% on the day.
Like a chip in salsa, Dave & Buster's is scooping up Main Event from its owners, Australia-based Ardent Leisure Group and American investment firm RedBird Capital Partners.
Source Fool.com
