Melco is a gaming company based in Macau. Melco is planning an initial public offering (IPO), but has received a takeover offer from MGM Mirage. How was the company really worth? Which way is better for shareholders Melco? Students play the role of an investment banker advising CEO of Melco on how to respond. Case allows assessment of the company using discounted cash flow and relative assessment. In addition, strategic issues, industry buyers, compared with the IPO, potential synergies, the ownership and control issues involved. "Hide
by Neil Brisley, Robert Mundell, Dave Gregory Source: Richard Ivey School of Business Foundation 10 pages. Publication Date: July 4, 2008. Prod. #: 908N16-PDF-ENG
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