Dave & Buster’s (PLAY) stock surged up to 16% on the news Friday, reaching almost $49 , its highest level since June 2019 . Shares are currently up 12% for the day while KKR stock increased 2.5%. its highest level since June 2019 Shares are currently up 12% for the day while KKR stock increased 2.5%. KKR reportedly has a “good relationship” with Dave & Buster’s management and the two sides have had a “constructive dialogue,” a source told Axios, while also confirming that KKR isn’t internally talking about attempting a hostile takeover. Shares of Dave & Buster’s fell 7.5% overall in 2019, while the S&P 500 rose 30%.

Source: Forbes January 17, 2020 19:52 UTC