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The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Pinnacle Entertainment, Inc. ("Pinnacle Entertainment" or the "Company") (NASDAQ:PNK) stock prior to December 18, 2017.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Pinnacle Entertainment to Penn National Gaming, Inc. (NASDAQ:PENN). Under the terms of the transaction, Pinnacle Entertainment shareholders will receive $20.00 in cash and 0.42 shares of Penn National stock for each share of Pinnacle Entertainment stock they own. Based on Penn National's closing price on December 15, 2017, this represents a value of approximately $32.47 per share. To learn more about the action and your rights, go to:
http://www.zlk.com/mna/pinnacle-entertainment-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Pinnacle Entertainment breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Penn National is underpaying for Pinnacle Entertainment shares, thus unlawfully harming Pinnacle Entertainment shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171219006166/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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