GNOG - DraftKings rallies with spotlight on earnings Golden Nugget closing (update)

Update 3:56pm: Adds Nasdaq delisting notice for GNOG deal. DraftKings (NASDAQ:DKNG +9.2%) jumped on Monday as investors start to prep for the company's earnings report due out on Friday.  A big part of the investing matrix on DraftKings (DKNG) is also the acquisition of Golden Nugget Online Gaming (GNOG). The color from DraftKings (DKNG) execs on the earnings call could reset expectations on both stocks. Golden Nugget (GNOG)surged 8.9%. A Nasdaq delisting notice on Monday indicated that DNOG shares are expected to be delisted on Wednesday with the close of its sale to DraftKings Golden Nugget Chairman Tilman Fertitta said the transaction is still on track despite some delays, although the final deal price is likely to be lower than $1.5B. Under the terms of the merger, Golden Nugget (GNOG) shareholders would receive 0.365 shares of DKNG stock for each share of GNOG. Shares of DraftKings (DKNG) have peeled off

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DraftKings rallies with spotlight on earnings, Golden Nugget closing (update)