NEW
YORK, July 25, 2024 /PRNewswire/ --Nationally
recognized shareholder rights firm Julie & Holleman LLP is
investigating the proposed $18.25 per
share buyout of Bally's Corporation (NYSE: BALY) by the company's
largest shareholder, private equity firm Standard General L.P.
For a free, no-risk consultation, please visit
https://julieholleman.com/ballys-corporation/, or contact firm
partner Scott Holleman by email at
scott@julieholleman.com.
Bally's is a global casino-entertainment company
with a growing omni-channel presence, managing 15
casinos across 10 states, a golf course in
New York, a horse racetrack in
Colorado, and has access to OSB
licenses in 18 states. The company's largest shareholder is
Standard General, which has maintained a more than 25% stake for
several years.
On July 25, 2024, Bally's
announced that it had entered into an agreement to be acquired by
Standard General for $18.25 per share
in cash, which values the company at approximately $4.6 billion.
Julie & Holleman, whose attorneys have helped secure
hundreds of millions of dollars for shareholders, is concerned
about the inadequate deal price. The $18.25 per share deal price is less than the
recent Bally's recent trading prices. Julie & Holleman is also
concerned about conflicts of interest—Standard General is squeezing
out public shareholders while retaining for itself the company's
massive potential. Indeed, certain investors have expressed that
Standard General is taking advantage of short-term market
conditions to buy the company at a steap discount to its intrinsic
value.
Please visit https://julieholleman.com/ballys-corporation/ or
contact partner Scott Holleman by
email at scott@julieholleman.com or by telephone at (929) 415-1020
for more information.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
www.julieholleman.com. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP