A report suggesting Boyd Gaming may be preparing a takeover bid of more than $9 billion for the regional casino operator caused shares of Penn Entertainment to halt and then rise.
Moreover, regulatory obstacles might arise because Boyd and Penn operate in numerous states that are similar, such as Illinois, Kansas, Louisiana, Nevada, and Pennsylvania. The potential for asset sales following an acquisition of this magnitude or concerns regarding competition may worry regulators in those jurisdictions as well as others.
Moreover, regulatory obstacles might arise because Boyd and Penn operate in numerous states that are similar, such as Illinois, Kansas, Louisiana, Nevada, and Pennsylvania. The potential for asset sales following an acquisition of this magnitude or concerns regarding competition may worry regulators in those jurisdictions as well as others.