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Penn National to Acquire Pinnacle for $2.8 Billion in Largest Gaming Merger Since 2013

Cash-and-Stock Deal Positions Penn National as Largest US Gaming Operator by Properties
CoStar News
December 20, 2017 | 10:45 AM

Penn National Gaming, Inc. (Nasdaq: PENN) has agreed to buy smaller competitor Pinnacle Entertainment, Inc. (Nasdaq: PNK) in a cash-and-stock transaction valued at $2.8 billion, in the largest U.S. gaming merger since 2013.

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