PENN exercises call rights to acquire remaining Barstool shares; close expected Feb 2023

PENN Entertainment, Inc.

PENN exercised call rights to purchase all outstanding Barstool shares not already owned by PENN.
Acquisition expected to close in February 2023, subject to HSR waiting period and no governmental prohibition.
Barstool will become a wholly-owned subsidiary of PENN upon completion.
No purchase price or financial terms disclosed in the filing.

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