RE:Advice…..The deal is expected to close in 1Q2022. So there is still some time. Now keep in mind Q1 2022 is September, Oct and November, just around the corner. As long as PENN keeps going up, SCR will go along for the ride. There is really minimal risk if you want to go along for the long ride and you will end up with Penn shares.
But honestly, from my experience, the big gains for SCR are done. At best there is another 10% to 14% upside or up to $50 canadian. Usually in this type of takeover situation, the share price tends to trade in a range very close to the takeover price until it is completed. In other words, if you are looking for another big play or gains, start looking somewhere else. Or you can hang on for the long term and be a shareholders of PENN, which I think is very undervalued at this time and near its YTD low. At one point PENN was trading at $142. Hope that helps, just my opinion.
The deal has been approved by the boards of both companies and is expected to close in the first quarter of 2022.