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December 21, 2012
10:33 EDTASCA, PNKPinnacle Entertainment climbs after buying rival casino operator
Casino operator Pinnacle Entertainment (PNK) is climbing after the company agreed to buy another casino operator, Ameristar Casinos (ASCA), for $26.50 per share, or $2.8B. Both companies have casinos in the South and Midwest. Ameristar also has a casino in Jackpot, Nevada. In mid-morning trading, Pinnacle shares rose $1.90, or 14.27%, to $15.26, while Ameristar surged $4.08, or 18.49%, to $26.15.
News For PNK;ASCA 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.
May 11, 2015
08:36 EDTPNKPinnacle deal a significant catalyst for Gaming and Leisure, says Susquehanna
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