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Casino operator said Standard General proposed to acquire all outstanding shares it doesn’t already own for a price of $15 a share.

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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 shares into the equity

(Reuters) - Hedge fund Standard General on Monday offered to buy the remaining stake in Bally's Corp that it does not already own in a deal that values the casino operator at about $684 million. Shares of Bally's, which offers online sports betting...

Nvidia Says NeMo AI Platform Complies With Copyright After Authors' Complaint Nvidia said its NeMo artificial intelligence platform was created in full compliance with copyright law, after a...