Pinnacle Entertainment Inc (PNK.N)
31 Mar 2015
- Gaming and Leisure Properties Inc , which buys real estate leased to casino operators, went hostile with its offer to buy Pinnacle Entertainment Inc's real estate assets due to the casino operator's "failure to engage" in talks.
* Says Pinnacle shareholders to get about $36/share aggregate
(The following statement was released by the rating agency) NEW YORK, March 09 (Fitch) Today's announcement that Gaming and Leisure Properties LLC's (GLPI) offered to purchase and lease back Pinnacle Entertainment Inc.'s (Pinnacle) assets provides Pinnacle with another path to realize value from its assets, according to Fitch Ratings. In exchange for Pinnacle's assets, GLPI has offered Pinnacle shares and the assumption of some of its debt. Previously Pinnacle announced that it was pursuing
March 9 - Gaming and Leisure Properties Inc said it had offered to buy the real estate assets of casino operator Pinnacle Entertainment Inc for $4.1 billion including debt.
NEW YORK/DALLAS - Johnson & Johnson was found not liable by a Texas jury on Thursday in the first case to go to trial over whether Pinnacle hip implants made by the company's DePuy Orthopedics unit were defective.
(Rewrites throughout, adds trial background and plaintiffs' lawyer quote, adds Dallas dateline)
Oct 21 - A lawyer for a Montana woman on Tuesday urged jurors in a U.S. court to find Johnson & Johnson's DePuy Orthopaedics unit liable for failing to warn patients that metal-on-metal Pinnacle hip implants were defective at the close of the first trial over the device.