Melco Entertainment Limited
(6 pages of text)
Melco is a gaming firm based in Macau. Melco is planning an initial public offering (IPO) but receives a takeover bid from MGM Mirage. How much was the company really worth? Which route was best for Melco shareholders? Students assume the role of the investment banker advising Melco's chief executive officer on how to react. The case permits the valuation of the firm using discounted cashflow methods and relative valuation. Also, consideration of strategic issues, industry buyer versus IPO, potential synergies, ownership and control issues are involved.
Asia/Macau/China, Large, 2007
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