K&F Growth Capital, an asset management firm that owns stock in the operator, has informed Bally's Corporation that it needs to turn down Standard General's terribly lowball offer to buy the business.
Standard General, Bally's largest shareholder, made a second attempt to buy the company last month after the first one was turned down in 2022.
Additionally, Bally's has established a special committee to evaluate Standard General's most recent offer.
Standard General, Bally's largest shareholder, made a second attempt to buy the company last month after the first one was turned down in 2022.
Additionally, Bally's has established a special committee to evaluate Standard General's most recent offer.
