Ameristar (ASCA) / Pinnacle (PNK) Deal Could Flush Out Competitive Bids

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/12/2026

1. ORCL
2. SPY
3. SPCX
4. USO
5. CHWY
6. NAVN
7. HUMA
8. NVDA
9. CRWV
10. CME

Go back to Ameristar (ASCA) / Pinnacle (PNK) Deal Could Flush Out Competitive Bids

Pinnacle Entertainment (PNK) to Acquire Ameristar Casinos (ASCA) for $26.50/Share

December 21, 2012 7:02 AM UTC

Pinnacle Entertainment, Inc. (NYSE: PNK) and Ameristar Casinos, Inc. (Nasdaq: ASCA) announced today that the companies have entered into a definitive agreement under which Pinnacle will acquire all of the outstanding common shares of Ameristar for $26.50 per share in cash, for a total enterprise value of $2.8 billion, including debt of $1.9 billion and cash on hand of $116 million as... More