Possible merger to be negotiated
Pinnacle confirms discussions with Penn National Gaming
2017-12-01
Reading time 29 seg
Pinnacle Entertainment today confirmed that it is engaged in discussions with Penn National Gaming regarding a potential business combination, whereby Penn National would acquire the company in a cash and stock transaction.
These discussions may or may not lead to any transaction, and the company does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.
Additionally, there can be no assurance that an agreement providing for a transaction will be reached, or if an agreement is reached, that a transaction will be completed. Any transaction would be subject to the approval of the two companies’ boards, regulatory and shareholder approvals, as well as other conditions.
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