Bally’s Corporation (BALY): $16.98
Market Cap: $684.60 M
Deal Size: $4.6 B
In a week marked by two notable deals involving casino companies, the acquisition of Bally’s by its largest shareholder, Standard General, stood out. The deal values the casino and gaming company at $4.6 billion, including debt.
Standard General, which already owns about 26% of Bally’s, will purchase the remaining shares for $18.25 each, representing a 34.99% premium over the last closing price.