secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0000921738-22-000040
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000040/0000921738-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000040/penn-20220817.htm
  HTML page:      https://secwatch.observer/filing/0000921738-22-000040

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