Bally’s Shareholders Green-Light $4.6B Standard General Sale

Nov 20, 2024 · Standard General’s multi-billion-dollar takeover of Bally’s Corporation is close to fruition.. At Bally’s Special Meeting of Stockholders on Nov. 19, stockholders approved the …

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Bally’s Shareholders Green-Light $4.6B Standard General Sale

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Bally's Acquisition Receives Shareholder Approval - SlotsUp

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Nov 22, 2024 · The merger, valued at $4.6 billion, was proposed by Standard General, Bally’s largest shareholder, which will acquire the company’s outstanding shares at $18.25 each. This …

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Bally’s Shareholders Approve $4.6 Billion Standard General Bid

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Nov 20, 2024 · Bally’s shareholders, including unaffiliated shareholders, voted in favour of the merger agreement during a special meeting held on 19 November. Shares held by Standard …

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Bally’s Shareholders Say Yes To Standard General Takeover

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Nov 20, 2024 · In July, the global casino-entertainment company with a growing omnichannel presence of online sports betting and iGaming offerings, Bally’s Corporation, agreed to a $4.6 …

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Casino Operator Bally's To Be Bought By Top Investor In $4.6 Bln Deal

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July 25 (Reuters) - Bally's Corporation , opens new tab has agreed to be acquired by its largest stockholder, Standard General, in a deal that values the casino and gaming company at $4.6 …

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Bally’s Accepts Buyout Offer From Standard General Valued At $4.6B

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Jul 25, 2024 · Bally’s Corp. has accepted a buy-out offer from New York-based Standard General L.P., the casino operator’s largest stockholder, in a deal that’s valued at $4.6 billion. The …

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Bally's Accepts Standard General Takeover At $18.25 Per Share

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Jul 25, 2024 · Bally’s Corporation has agreed to a merger with its largest shareholder, Standard General, in a deal that assesses the gambling operator’s enterprise value at $4.6 …

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FAQs about Bally’s Shareholders Green-Light $4.6B Standard General Sale Coupon?

Is Bally's a publicly traded company?

The Combined Company will remain a publicly traded registrant under the Securities Act of 1934. Pursuant to the Merger, Bally’s will combine with The Queen Casino & Entertainment Inc. (“QC&E”), a regional casino operator majority-owned by funds managed by Standard General (together, the “Combined Company”). ...

What happens to Bally's stockholders after a combined company transaction?

Bally’s stockholders electing to retain all or a portion of their Bally’s investment will continue as stockholders of the Combined Company (as defined below). The transaction values Bally’s at approximately $4.6 billion in enterprise value. The Combined Company will remain a publicly traded registrant under the Securities Act of 1934. ...

Are Bally's Special Committee and board of directors making recommendations?

The Bally’s Special Committee and Board of Directors are making recommendations with respect to the Cash Consideration and are not making recommendations with respect to the rollover election. Standard General has obtained $500 million of committed financing (the “Financing”) to support the Merger (together, the “Transaction”). ...