Standard General

Bally’s Shareholder Rips Acquisition Offer, Proposes Alternate Plan

Bally’s Shareholder Rips Acquisition Offer, Proposes Alternate Plan Thumbnail
By Dan Katz - April 2nd

K&F calls shenanigans Bally’s shareholder K&F Growth Capital has issued a letter to the company’s Board of Directors, urging it to reject the acquisition deal offered by Standard General, Bally’s largest shareholder In the letter, K&F accuses Soo Kim, Chairman of Bally’s and the founder of Standard General, of taking advantage of the drop in… Read more »

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Standard General Makes Offer to Buy Bally’s Corporation

Standard General Makes Offer to Buy Bally’s Corporation Thumbnail
By Dan Katz - March 12th

Hedge fund Standard General has made an offer to buy gambling Bally’s Corporation for $15 per share, equating to a company valuation of $648 million. Standard General is already the largest Bally’s shareholder, owning 23% of the company. Monday’s offer was a substantial 41% premium over Bally’s share price at Friday’s close. The offer is… Read more »

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