Gaylord seen as a possible takeover target

Gaylord Entertainment Co. — the Nashville-based company that has proposed a $1 billion project in Mesa — is seen by several analysts as a possible target for a takeover or sale, according to a news report. In an earnings call Tuesday, executives of Gaylord (NYSE: GET) said they’ve spent $3 million and six months exploring ways to “unlock shareholder value,” but would not elaborate. The Nashville Tennessean newspaper quotes Sam Yake, an analyst with BGB Securities, as saying that “Clearly something big is going to happen. Whether it’s selling the company or getting an investor to inject a lot of money, something is going to happen.” According to the newspaper, analysts believe that internal discussions underway at Gaylord, as well as an upcoming shareholder vote on a shareholder-rights plan, “could lay the foundation for major changes in Gaylord’s ownership.” The Mesa project at the former General Motors Proving Grounds has been delayed because of the Great Recession, but could still be built.

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