4 am: 35°FPartly Cloudy

6 am: 35°FMostly Sunny

8 am: 40°FSunny

10 am: 52°FSunny

More Weather

MTR says it's proceeding with Eldorado merger plan

Oct. 15, 2013 @ 10:09 PM

MORGANTOWN — MTR Gaming Group says it's evaluating an offer from Jacobs Entertainment but is proceeding with its merger with Eldorado Resorts.

Colorado-based Jacobs made an unsolicited offer earlier this month that it says is 10 percent richer for MTR shareholders than the alliance with Nevada-based Eldorado.

MTR said Tuesday its board unanimously supports the merger, and it's impossible to say when it might make any decisions about the Jacobs offer.

MTR said it won't comment further.

In U.S. Securities and Exchange Commission filings, CEO Jeffrey Jacobs said his unsolicited offer of $5.69 per share is worth $15.6 million more than Eldorado Resorts' offer of $5.15 per share.



The Herald-Dispatch welcomes your comments on this article, but please be civil. Avoid profanity, obscenity, personal attacks, accusations of criminal activity, name-calling or insults to the other posters. Herald-dispatch.com does not control or monitor comments as they are posted, but if you find a comment offensive or uncivil, hover your mouse over the comment and click the X that appears in the upper right of the comment. If you do not want your comment to post to your personal Facebook page, uncheck the box below the comment.