Brief: Bally's Says Provides Update On Strategic Review And Capital Return Program

Bally's

05/05/2022 12:59

May 5 (Reuters) - Bally's Corp  BALY.N :
    * SAYS PROVIDES UPDATE ON STRATEGIC REVIEW AND CAPITAL
RETURN
PROGRAM
    * SPECIAL COMMITTEE TERMINATED CONSIDERATION OF STANDARD
GENERAL'S
PROPOSAL TO ACQUIRE ALL OUTSTANDING SHARES OF CO IT DIDN'T
ALREADY OWN
    * SAYS BOARD OF DIRECTORS DETERMINED THAT BALLY'S SHOULD
PURSUE
INITIATING A CASH TENDER OFFER FOR ITS SHARES
    * SAYS ANTICIPATED THAT TENDER OFFER WILL INVOLVE $300
MILLION TO
$500 MILLION, AND WILL BE STRUCTURED IN A DUTCH AUCTION FORMAT

Source text for Eikon:  ID:nPn6HswMFa 
Further company coverage:  BALY.N 

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