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Stock Market & Financial Investment News

News Breaks
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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March 18, 2015
08:32 EDTPNKGaming and Leisure could pay $42/share for Pinnacle, says JPMorgan
JPMorgan believes Gaming and Leisure Properties (GLPI) could raise its offer for Pinnacle Entertainment (PNK) to $42 per share from the current $35.77 consideration. It thinks the offer at $42 would make financial sense for both companies. JPMorgan raised its price target for Gaming and Leisure to $40 from $36 and for Pinnacle to $42 from $36. It keeps Overweight ratings on both names.

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