M&A
confidence high
sentiment neutral
materiality 0.50
Bally's Amendment No. 2 sets Rolling Share Election deadline, new CUSIP, and BALY.T ticker
Bally's Corp
- Rolling Share Election deadline: 5pm Eastern on Special Meeting date, extendable by mutual agreement.
- Electing shareholders' shares get new CUSIP; trade as BALY.T on NYSE until merger close, then revert to BALY.
- Stockholders making election must waive appraisal rights for those shares.
- Special Committee and Board made no recommendation on whether to roll over shares.
- Parent and Company can revoke elections if they could delay regulatory approvals or harm gaming activities.