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Stock Market & Financial Investment News

News For PNK From The Last 14 Days
Check below for free stories on PNK the last two weeks.
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April 21, 2014
12:25 EDTPNKPinnacle Entertainment volatility up, will continue to 'review all strategies'
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11:54 EDTPNKPinnacle Entertainment says will continue to 'review all strategies'
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10:54 EDTPNKPinnacle Entertainment up 7% after Orange Capital recommendations
In a regulatory filing, Orange Capital reported a 4.5% stake in Pinnacle Entertainment. Orange Capital says it has had ongoing discussions with company management to maximize shareholder value including recommended that Pinnacle Entertainment consider spinning off the issuer's owned real estate into a separately traded real estate investment trust, REIT, and distribute it to shareholders via a tax free spin-off, "the PropCo Transaction." On April 16, Orange Capital sent a letter to the CEO of the Pinnacle, which discusses necessary steps to complete the PropCo Transaction; provides an analysis that describes why the reporting persons believe shareholder value will be maximized as a result thereof and states that subject to agreement with the Board and other typical conditions for transactions of the type, Orange Capital is willing to be an anchor investor in the PropCo Transaction.
10:43 EDTPNKOrange Capital urges Pinnacle Entertainment to spin off real estate into REIT
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10:41 EDTPNKOrange Capital reports 4.5% stake in Pinnacle Entertainment
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