Timeshare company Diamond Resorts International Inc., with its heavy insider ownership and a low trading multiple, is a likely candidate to go private as a result of a previously announced strategic review, a source familiar with the company told The Deal's Laura Berman. The source thinks that Diamond could be taken private for $32 to $35 a share, for a total deal value of $2.23 billion to $2.44 billion, pointing to Starwood Hotels and Resorts Worldwide Inc.'s $1.5 billion sale of its timeshare business, Vistana Signature Experiences, to Diamond rival Interval Leisure Group Inc. following a planned spinoff. Las Vegas-based Diamond, which has a network of more than 375 vacation destinations in 35 countries, said Feb. 24 that it had retained Centerview Partners LLC to explore strategic alternatives.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.