Brief: Bally’S Enters Into Merger Agreement With Affiliates Of Standard General L.P.

Bally's

25/07/2024 14:12

July 25 (Reuters) - Bally's Corp  BALY.N :
    * BALLY’S ENTERS INTO MERGER AGREEMENT WITH AFFILIATES OF
STANDARD
GENERAL L.P.
    * BALLY'S CORP: BALLY'S STOCKHOLDERS TO RECEIVE $18.25 PER
SHARE
IN CASH
    * BALLY'S CORP: BALLY'S STOCKHOLDERS TO RECEIVE $18.25 PER
SHARE
IN CASH
    * BALLY'S CORP - TRANSACTION VALUES BALLY'S AT APPROXIMATELY
$4.6
BILLION IN ENTERPRISE VALUE.
    * BALLY'S: AT LEAST 47% OF CO'S OUTSTANDING FULLY-DILUTED
EQUITY
INTERESTS WILL BE ROLLED OVER INTO COMBINED CO
    * BALLY'S CORP: STANDARD GENERAL HAS OBTAINED $500 MILLION
OF
COMMITTED FINANCING TO SUPPORT MERGER

Source text for Eikon:  ID:nBw38vx9Ta 
Further company coverage:  BALY.N 

 ((Reuters.Briefs@thomsonreuters.com;))