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Bally's accepts buyout offer from Standard General valued at $4.6B

Summary by WPRI 12
PROVIDENCE, R.I. (WPRI) — Bally's Corp. has accepted a buy-out offer from New York-based Standard General L.P., the casino operator's largest stockholder, in a deal that's valued at $4.6 billion. The Providence-based company announced the deal Thursday. Bally's officials said the deal offers stockholders $18.25 per share, representing a 71% premium over the company's 30-day average price per share. Alternatively, shareholders can also choose t…
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