"PENN is being taken out at only 10.3 times forward earnings when rivals got a valuation between 11 and 12 times forward EBITDA. PENN will most likely be the subject of a bidding war with the eventual price reaching between $70 to $80."

Whether you're talking about small "tuck in" acquisitions, large megamergers between industry giants, or one firm taking a significant stake in another, the urge to merge remains strong. via Fool.com