Canadian private equity firm Onex Corp and entertainment company Cineplex Inc have together emerged as the leading contender to purchase restaurant and arcade chain Dave & Buster's Inc, the Wall Street Journal reported, citing people familiar with the matter. The companies recently offered more than $1 billion for the chain and discussions are ongoing, the report said. (r.reuters.com/fak58v)Dave & Buster's, the Dallas-based operator of restaurants with games for grown-ups, which scrapped plans to go public in October 2012, has been working with Goldman Sachs Group Inc and Jefferies on the potential sale or initial public offering that could value the company at more than $1 billion, according to a Reuters exclusive in December last year.Dave & Buster's, Onex and Cineplex were not immediately reachable for comment outside regular U.S. business hours.Private equity firm Oak Hill acquired Dave & Buster's for $570 million in May 2010.
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 1.32% or $2.02/share to $154.74. In the past year, the shares have traded as low as $137.29 and as high as $181.13. On average, 3658200 shares of GS exchange hands on a given day and today's volume is recorded at 3053683.
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