Reported 8 months ago
Boyd Gaming has made an acquisition approach to Penn Entertainment, expressing interest in acquiring the U.S. peer with a market value exceeding $9 billion, including debt. Penn's shares surged 8% after the news, while Boyd's stock fell 3%. This potential deal, if successful, would mark one of the largest mergers among U.S. gambling companies since 2020 and would require regulatory approval and financial resources. However, there is no certainty that Penn will engage in negotiations with Boyd, and key players such as Disney need to be considered in the process.
Source: YAHOO