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Bally’s Rejects Standard General Takeover Bid, Considers Buying $500M in StockWritten by: Todd Shriber

Shares of Bally’s (NYSE:BALY) are trading slightly lower Thursday after the regional casino operator rejected a $38 per share takeover offer from hedge fund Standard General — its largest investor. Launched in January, the proposal valued the Rhode Island-based gaming company at about $2 billion. At the time of the offer, some analysts speculated Standard
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