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According to WSJ, Pinnacle Entertainment (PNK) approached by Penn National Gaming (PENN)

  • October 6, 2017

Penn National Gaming Inc. (PENN) has been in merger discussions with rival casino operator Pinnacle Entertainment Inc., (PNK) according to people familiar with the matter.


November 30, 2017: Pinnacle Entertainment, Inc.(PNKtoday confirmed that it is engaged in discussions with Penn National Gaming, Inc.(PENN) regarding a potential business combination, whereby Penn National would acquire the Company in a cash and stock transaction.

December 18. 2017: Penn National Gaming, Inc. (PENN) and Pinnacle Entertainment, Inc. (PNK) announced today that they have entered into a definitive agreement under which Penn National will acquire Pinnacle in a cash and stock transaction valued at approximately $2.8 billion.