Bally’s Corporation (BALY) approached by Standard General

POTENTIAL DEAL DETAILS

Standard General delivered a non-binding letter to the board of directors of Bally’s Corporation (BALY) proposing a transaction under which it would acquire all of the outstanding shares of Common Stock not currently owned by Standard General at a price of $38.00 per share.

Update(s):

February 3, 2022: The board of directors of Bally’s Corporation (BALY) announced that it has formed a special committee of independent and disinterested directors that is authorized, to evaluate the preliminary, non-binding proposal, dated January 25, 2022, by Standard General to acquire all of the outstanding shares of Bally’s that it does not already own for $38.00 in cash per share, as well as any potential strategic alternatives to the proposal.

May 5, 2022: Bally’s Corporation (BALY) announced that a special committee of its board of directors has terminated consideration of Standard General’s proposal to acquire all of the outstanding shares of Bally’s that it did not already own.

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