Penn National Gaming Confirms Discussions with Pinnacle Entertainment
These discussions may or may not lead to any transaction, and the Company does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required. Additionally, there can be no assurance that an agreement providing for a transaction will be reached, or if an agreement is reached, that a transaction will be completed. Any transaction would be subject to the approval of the two companies’ boards, regulatory and shareholder approvals, as well as other conditions.
About
Forward-Looking Statements
All statements included in this press release, other than historical
information or statements of historical fact, are “forward-looking
statements” within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements, including statements regarding a potential
transaction between the Company and Pinnacle and the potential terms of
such a transaction are based on management’s current expectations and
are subject to risks, uncertainties and changes in circumstances that
could significantly affect future results. Accordingly, the Company
cautions that the forward-looking statements contained herein are
qualified by important factors and uncertainties that could cause actual
results to differ materially from those reflected by such statements.
Such factors and uncertainties include, but are not limited to, (a) the
Company and Pinnacle may not be able to come to an agreement for a
transaction within any particular timeframe or at all; (b) entry into
such a transaction would be subject to, among other things the approvals
of the Board of Directors of the Company and Pinnacle and there is no
assurance that such approvals will be obtained; (c) the transaction
would be subject to regulatory approvals and shareholder approvals,
which approvals may not be obtained; and (d) other risks as may be
detailed from time to time in the Company’s filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20171130006108/en/
Source:
Penn National Gaming
Justin Sebastiano, 610-401-2029
Vice
President, Finance and Treasurer
or
JCIR
Joseph N.
Jaffoni, Richard Land, 212-835-8500
penn@jcir.com