POTENTIAL DEAL DETAILS
|Date Announced||01/25/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Standard General|
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.
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.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.