ParlayBoosters

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

Share on facebook
Share on google
Share on twitter
Share on linkedin

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
The post Bally’s Rejects Standard General Takeover Bid, Considers Buying $500M in Stock appeared first on Casino.org.
Read More

News Desk

News Desk

Our news articles are carefully selected from the most prominent and reliable sources.

Leave a Reply

Sign up for our Newsletter

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit

Generated by Feedzy