These divestitures are anticipated to occur immediately prior to, and are conditioned upon, the completion of the Pinnacle acquisition. Charles in Missouri Belterra Casino Resort in Indiana and Belterra Park in Ohio, for approximately $575 million in cash. In connection with the transaction, Penn National has entered into a definitive agreement with Boyd Gaming Corporation (‘Boyd’) in which Boyd will purchase Pinnacle’s gaming operations at Ameristar Kansas City and Ameristar St. Upon completion of the transaction, Penn National and Pinnacle shareholders will hold 78% and 22% respectively of the combined company’s outstanding shares. ![]() Under the terms of the agreement, Pinnacle shareholders will receive $20 in cash and 0.42 shares of Penn National common stock for each Pinnacle share. (NASDAQ:PNK) for $2 billion on December 17, 2017. ![]() ![]() (NASDAQ:PENN) entered into a definitive agreement to acquire Pinnacle Entertainment, Inc.
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