The proposal would let Bally’s shareholders “immediately realize an attractive value, in cash, for their investment,” Kim wrote. Soohyung Kim, managing partner of Standard General, wrote a letter Tuesday to Bally’s board of directors offering to buy the shares his New York investment group doesn’t already own for $38 apiece, saying this represents a 30 percent premium to Monday’s closing price. has offered to buy out the casino operator slated to take charge of the Tropicana this year. Baskow/Las Vegas Review-Journal) investment firm led by the chairman of Bally’s Corp. has agreed to purchase the Tropicana in Las Vegas from Gaming and Leisure Properties Inc., a transaction valued at $308 million, on Tuesday, April 13, 2021.
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