Standard General, a big investor in Bally's Corporation, wants to buy the rest of the company.
They are offering $15 per share, which is 41% more than the share price last Friday. They sent a letter to Bally's saying they expect the board to form a special team to review their offer.
Standard General says they know Bally's well and can arrange financing easily. Bally's share prices went up after the news.
They are offering $15 per share, which is 41% more than the share price last Friday. They sent a letter to Bally's saying they expect the board to form a special team to review their offer.
Standard General says they know Bally's well and can arrange financing easily. Bally's share prices went up after the news.