The deal is expected to close late in the second quarter
Mississippi Gaming Commission approves Penn National buyout
(US).- Penn National Gaming, which operates casinos and racetracks, said this week that it received Mississippi Gaming Commission approval for its pending takeover by two investment groups.
2008-04-18
Reading time 14 seg
Fortress Investment Group LLC and Centerbridge Partners LP agreed to buy the company for us$ 67 per share in June.
The deal is expected to close late in the second quarter. If the transaction is not complete by June 15, the offer will increase by about a penny per share per day. Shares rose 31 cents to close at us$ 40.36.
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