NEW YORK (AP) — Pinnacle Entertainment is being snapped up by Penn National in a deal worth about $2.8 billion as the gaming industry seeks to diversify and cut costs at the same time. Penn National Gaming Inc. is spending $20 in cash for each share, and Pinnacle shareholders will also get 0.42 shares of Penn for each Pinnacle share they own. In a separate deal, also announced Monday, Boyd Gaming Corp.
New High Roller At The Table, Penn Buys Pinnacle For $2.8b
Business Heds Index, Seattle Post-Intelligencer: Business
Mon, 12/18/2017 - 7:30am
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