PINNACLE ENTERTAINMENT, INC. (NASDAQ:PNK) Files An 8-K Financial Statements and ExhibitsItem 9.01.
(d)Exhibits
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Exhibit No. |
Exhibit |
| 99.1 | Joint press release, dated as of December18, 2017 |
Pinnacle Entertainment, Inc. ExhibitEX-99.1 2 d465550dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Penn National Gaming to Acquire Pinnacle Entertainment Pinnacle Shareholders to Receive $20.00 Per Share in Cash and 0.42 Shares of Penn National Common Stock for Each Pinnacle Share in Transaction Valued at Approximately $2.8 Billion Enhances Penn Nationals Position as North Americas Leading Regional Gaming Operator and Further Diversifies Its Best-in-Class Portfolio of Gaming Assets Immediately Accretive to Free Cash Flow Per Share; Expected to Generate $100 Million in Annual Run-Rate Cost Synergies Definitive Agreements with Gaming and Leisure Properties on Master Lease Amendments and Sale- Leaseback Transactions and with Boyd Gaming on Planned Divestitures Provide Clear Path to Completion Post-Synergy Acquisition Multiple of 6.6x LTM EBITDA Penn National and Pinnacle to Host Joint Conference Call and Webcast at 8:00 a.m. ET Today WYOMISSING,…To view the full exhibit click here
About PINNACLE ENTERTAINMENT, INC. (NASDAQ:PNK)
Pinnacle Entertainment, Inc. is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, Belterra Park, Meadows and River City. The Company’s South segment includes Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, L’Auberge Baton Rouge and L’Auberge Lake Charles. The Company’s West segment includes Ameristar Black Hawk and Cactus Petes and Horseshu. As of September 30, 2016, the Company owned and operated 16 gaming entertainment businesses, located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio and Pennsylvania. The Company’s gaming entertainment businesses include gaming, food and beverage, and retail facilities, which include hotel and resort amenities.