Brief: Standard General Delivered A Non-Binding Letter To Board Of Bally's Corp

Bally's

25/01/2022 14:44

Jan 25 (Reuters) - 
    * STANDARD GENERAL L.P SAYS DELIVERED A NON-BINDING LETTER
TO
BOARD OF DIRECTORS OF BALLY'S CORP PROPOSING A TRANSACTION - SEC
FILING
    * STANDARD GENERAL- PROPOSING TRANSACTION UNDER WHICH IT
WOULD
ACQUIRE ALL OF BALLY'S CORP'S COMMON SHARES NOT CURRENTLY OWNED
BY STANDARD GENERAL AT $38.00/ SHARE
    * STANDARD GENERAL-EXPECTS BALLY'S BOARD WILL APPOINT
SPECIAL
COMMITTEE OF INDEPENDENT DIRECTORS TO CONSIDER ITS PROPOSAL,
MAKE RECOMMENDATION TO BOARD
    * STANDARD GENERAL- WILL NOT MOVE FORWARD WITH THE
TRANSACTION
UNLESS IT IS APPROVED BY SUCH A SPECIAL COMMITTEE

Further company coverage:  BALY.N 

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