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.
July 25, 2024
4 Articles