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Pinnacle to Add 8 Casino-Resorts with $869 Million Ameristar Buy

From Reuters:
Pinnacle to Add 8 Casino-Resorts with $869 Million Ameristar Buy
Casino operator Pinnacle Entertainment Inc will acquire Ameristar Casinos Inc for about $869 million to expand mainly in the U.S. Midwest and South, sending Pinnacle's shares to their highest in more than three years. Pinnacle said it would pay $26.50 per share in cash, representing a premium of 20 percent over Ameristar Casinos' closing price on Thursday. Click here for the full story.


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