Bally's Corporation agrees to be acquired by Standard General L.P. for $4.6 billion, a 71% premium.

Bally's Corporation agrees to be acquired by Standard General L.P. for $4.6 billion in enterprise value, with the purchase price at $18.25 per share, a 71% premium over the company's 30-day volume weighted average share price. The acquisition will result in the addition of four complementary properties to Bally's existing 15 domestic casino properties, enhancing geographic and market diversity.