---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-22-000040"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:18:51.081386+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000921738-22-000040
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173822000040/0000921738-22-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173822000040/penn-20220817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-22-000040
- JSON: https://secwatch.observer/filing/0000921738-22-000040.json
- Plain text: https://secwatch.observer/filing/0000921738-22-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.