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Stock Market & Financial Investment News

News Breaks
August 16, 2013
17:33 EDTPNKPinnacle to sell Lumiere Place Casino and Hotels to Tropicana for $260M
Pinnacle Entertainment announced that it has entered into a definitive agreement for the sale of Lumiere Place Casino, HoteLumiere, the Four Seasons Hotel St. Louis, and related excess land parcels to Tropicana Entertainment. Under the terms of the agreement, Tropicana will purchase Lumiere Place Casino and Hotels for cash consideration of approximately $260M. Lumiere Place Casino and Hotels will be accounted for as discontinued operations beginning in the 3Q13. The sale of Lumiere Place Casino and Hotels is expected to close by the end of 1Q14, subject to the approval of the Missouri Gaming Commission and Federal Trade Commission, as well as customary closing conditions.
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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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