Alston & Bird acted as counsel to Credit Suisse, the financial advisor to Isle of Capri Casinos, Inc., in connection with Isle of Capri’s proposed merger with Eldorado Resorts, Inc., in a cash and stock transaction valued at approximately $1.7 billion.
Subject to certain procedures and limitations, Isle of Capri stockholders can elect to receive either 1.638 shares of Eldorado common stock or $23 in cash per share of Isle of Capri common stock in the merger.
This is the second major transaction in which Alston & Bird advised Credit Suisse this month. The firm previously advised Credit Suisse as lead financial advisor to Enbridge Inc. in connection with Enbridge’s proposed merger with Spectra Energy Corp.
Advising Credit Suisse on the Isle of Capri transaction are partners Kevin Miller and Aaron Dixon (Corporate & Business Transactions).