Bally’s Forms Special Committee to Evaluate Preliminary, Non-Binding Acquisition Proposal by Standard General
Bally's Corporation (BALY)
Company Research
Source: Business Wire
PROVIDENCE, R.I.--(BUSINESS WIRE)--The Board of Directors of Bally’s Corporation (NYSE: BALY) today announced that it has formed a special committee of independent and disinterested directors that is authorized, among other things, to evaluate the preliminary, non-binding proposal, dated March 11, 2024, by Standard General to acquire all of the outstanding shares of Bally’s that it does not already own for $15.00 in cash per share, as well as any potential strategic alternatives to the proposal.A copy of the proposal letter from Standard General is available as an exhibit to Standard General’s statement of beneficial ownership on Schedule 13D/A as publicly filed with the Securities and Exchange Commission.There can be no assurance that any definitive offer will be made or accepted, that any agreement will be executed or that any transaction will be consummated.About Bally’s CorporationBally’s Corporation is a global casino-entertainment company with a growing omni-channel presence
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BALY
News
- Bally's Co. (NYSE: BALY) had its price target raised by analysts at Truist Financial Co. from $14.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
- Bally’s to Report First Quarter 2024 Results on May 1, 2024Business Wire
- Bally’s Atlantic City Celebrates 45th AnniversaryGlobeNewswire
- K&F Growth Capital Issues Letter to the Board of Directors of Bally’s CorporationBusiness Wire
- Special Committee of Bally’s Retains Financial and Legal Advisors in Connection With Standard General’s ProposalBusiness Wire
BALY
Earnings
- 2/21/24 - Miss
BALY
Analyst Actions
- 2/22/24 - Stifel
BALY
Sec Filings
- 4/24/24 - Form EFFECT
- 4/23/24 - Form 424B3
- 4/22/24 - Form 4
- BALY's page on the SEC website