Standard General to Acquire Bally’s in a $975 Million Deal
Bally’s Corporation, the famous global gambling and entertainment conglomerate, has announced that the company is set to be acquired by its largest shareholder, Standard General, for $975 million. The New York-based hedge fund, which currently holds about 25% of Bally’s shares, proposed a buyout at $18.25 per share. This valuation marks a substantial increase over […]
Bally’s Corporation, the famous global gambling and entertainment conglomerate, has announced that the company is set to be acquired by its largest shareholder, Standard General, for $975 million. The New York-based hedge fund, which currently holds about 25% of Bally’s shares, proposed a buyout at $18.25 per share. This valuation marks a substantial increase over […]
