Sun International set for biggest 3-day gain in 7 years

Bloomberg

Sun International Ltd. headed for the biggest three-day gain in seven years in Johannesburg after the hotel operator won approval for the merger of its Latin American assets with Dreams SA.
It’s poised for the largest gain since March 2009 in the three sessions after Sun International reported completing sign-off for the transaction from gambling regulators.
Volume traded Friday was 299,000 shares, exceeding the three-month daily average.
The deal expands Sun International’s operations in Chile, Panama, Colombia and Peru, giving it “significant scale,” said De Wet Schutte, an analyst at Avior Capital Markets in Cape Town, who rates the stock outperform.
“The positiveness about this is that the deal was subject to regulatory approval, and they’ve received that.”