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Why Is Bally's (BALY) Stock Soaring Today

Shares of gaming, betting and entertainment company Bally's Corporation (NYSE:BALY) jumped 27.1% in the morning session after the company announced that hedge fund Standard General proposed acquiring all outstanding shares it doesn't already own for $15 each, representing a 41% premium to the closing price on March 8, 2024. Standard General is Bally's' largest stockholder, with a 23% ownership. If it succeeds, Standard General plans to allow stockholders to roll over their sh...
Bally Corporation What Happened Standard General Monster Beverage
Source: yahoo.com

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