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Stock Market & Financial Investment News

News Breaks
February 7, 2013
09:07 EDTASCA, PNKAmeristar Casinos sees Pinnacle Entertainment merger closing in Q2 or Q3
As previously announced, Ameristar Casinos (ASCA) entered into an agreement and plan of merger with Pinnacle Entertainment (PNK), pursuant to which Pinnacle will acquire all of the outstanding common shares of Ameristar for $26.50 per share in cash. The merger is subject to customary closing conditions, required regulatory approvals and approval by Ameristar's stockholders. The transaction is expected to close in the second or third quarter of 2013. Ameristar and Pinnacle filed the required Hart-Scott-Rodino premerger notification and report forms on Jan. 11. Pinnacle has filed applications for regulatory approvals as required under applicable gaming laws. On Feb. 1, Ameristar filed a preliminary proxy statement with the Securities and Exchange Commission relating to a special meeting of Ameristar's stockholders to consider and approve the merger agreement.
News For ASCA;PNK From The Last 14 Days
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May 13, 2015
14:32 EDTPNKISS recommends Pinnacle shareholders vote for six proposals protecting rights
UNITE HERE announced that proxy advisory firm Institutional Shareholder Services recommends shareholders of Pinnacle Entertainment (PNK) support six shareholder proposals aiming to protect shareholder rights in the event of a spin-off. The proposals address shareholder rights at any spin-off company, including managementís proposal to spin-off real estate assets into a new REIT, or Gaming and Leisure Propertiesí (GLPI) alternative plan to spin-off an operating company and then acquire the remaining real estate assets. UNITE HERE submitted the package of corporate governance proposals for the May 19 Annual Meeting.

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