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POTENTIAL DEAL DETAILS
| Stock | PENN Entertainment Inc. | Symbol | PENN |
| Date Announced | 05/31/2024 | Source | Press Release |
| Type | Activist Investor |
Activist investor Donerail Group in a letter to PENN Entertainment’s (PENN) board of directors urged them to consider a sale of the company as they “believe that the company’s current stock price is significantly below the intrinsic value of the company and that PENN’s suite of highly strategic casino assets alone could be worth more than double the company’s current market capitalization.”
PENN Entertainment Inc. Investor Relations
Update(s):
June 20, 2024: According to Reuters, U.S. casino operator Boyd Gaming (BYD) has approached Penn Entertainment (PENN) to express interest in acquiring its peer with a market value of more than $9 billion, including debt.
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.