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Public signal · 1-minute delayed
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- Standard General offers $15 per share for Bally's, a 41% premium. - The hedge fund made a $38-a-share bid in January 2022, which was rejected. - Standard General expects a special committee to consider the offer. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Corporate Developments Key Takeaways: Bally's Corp. received a new bid from hedge fund Standard General, causing a 30% surge in share price. The company had previously rejected a $38-a-share bid in January 2022.
- Standard General offers $15 per share for Bally's, a 41% premium.
- The hedge fund made a $38-a-share bid in January 2022, which was rejected.
- Standard General expects a special committee to consider the offer.
- Price Impact Rating: bullish
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