Deal Snapshot
ILLINOIS GAMING BOARD APPROVES PENN NATIONAL GAMING´S PENDING ACQUISITION OF PINNACLE ENTERTAINMENT
Monday 16 April 2018

The Illinois Gaming Board approved the proposed financing for US-based casino operator Penn National Gaming, Inc.'s (PENN: NASDAQ) pending acquisition of Pinnacle Entertainment, Inc. (NASDAQ: PNK), subject to customary conditions, Penn said.
Completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions. Last month, the Pennsylvania Gaming Control Board and the West Virginia Lottery Commission conditionally approved the company's pending acquisition of Pinnacle Entertainment.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 16/04/2018
Target: Pinnacle Entertainment
Country: USA
Deal Size: 2.8bn (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Penn National Gaming
Buyer Advisor: Goldman, Sachs and Co , BofA Merrill Lynch , Wachtell, Lipton, Rosen and Katz
Comment:


Options