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Company Description (as filed with the SEC)
Pending Acquisition of Ameristar by Pinnacle Entertainment, Inc. On December 20, 2012, Ameristar Casinos, Inc. entered into an Agreement and Plan of Merger with Pinnacle Entertainment, Inc., a Delaware corporation (“Pinnacle”), PNK Holdings, Inc., a Delaware corporation and a wholly owned subsidiary of Pinnacle (“HoldCo”), and PNK Development 32, Inc., a Nevada corporation and a wholly owned subsidiary of HoldCo (“Merger Sub”), which was amended by a First Amendment to the Agreement and Plan of Merger dated as of February 1, 2013 (as so amended, the “Merger Agreement”). Pursuant to the Merger Agreement, Pinnacle will acquire all of the outstanding common shares of Ameristar for $26.50 per share in cash through a merger of Merger Sub with and into Ameristar, with Ameristar surviving as an indirect wholly owned subsidiary of Pinnacle. ... More ...
Analyst Info |
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| Annual EPS Est: | $2.1 |
| Quarterly EPS Est: | 0.52 |
| PEG Ratio: | .83 |
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Mean Recommendation: View Summary / View All |
2.82 |
Data is provided by Zacks Investment Research
