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Update: Dave & Buster's Entertainment Secondary Offering

Dave & Buster's Entertainment, Inc.'s (NASDAQ:PLAY) announcement of a secondary offering of common stock by selling shareholders (6 million shares with the underwriters being granted the option to purchase up to 900,000 additional shares), and with it the waiver of a lock-up restriction with respect to shares held by certain of the selling stockholders in the offering including certain officers or directors of the company, should allow for a greater level of overall liquidity and for the shares to move higher now that the fear of a secondary offering can be put behind the immediate-term prospects of…