Pinnacle Entertainment (PNK) Announces $50M Stock Buyback
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Pinnacle Entertainment Announces New $50 Million Stock Repurchase Program
August 15, 2016 4:30 PM EDTLAS VEGAS, Aug. 15, 2016 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ: PNK) (Pinnacle or the Company) announced today that its Board of Directors has authorized a new $50 million stock repurchase program. The Company intends to fund any share repurchases under the new program without increasing its debt leverage profile.
In May 2016, the Companys Board of Directors approved an initial $50 million stock repurchase program. As previously disclosed, the Company completed buybacks under this prior authorization by repurchasing 4.53 million shares of its common stock for $50 million or $11.05 per share through July 2016. The Company's... More
