{"id":37,"date":"2024-06-11T19:01:20","date_gmt":"2024-06-11T16:01:20","guid":{"rendered":"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/"},"modified":"2024-06-12T10:46:17","modified_gmt":"2024-06-12T07:46:17","slug":"ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares","status":"publish","type":"post","link":"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/","title":{"rendered":"Ballys Corporation Announces Dutch Auction Tender Offer to Repurchase Up to 19% of Shares"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/MOWxakiAOtE\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ballys Corporation is addressing the current market decline by putting forth a revised &#8220;Dutch auction&#8221; tender offer to acquire up to 19% of its issued shares. The firm intends to repurchase $1.9 billion in shares at a cost ranging from $19.25 to $22 per share. This choice, reached by Bally&#8217;s board of directors, demonstrates their dedication to boosting shareholder worth in a fluctuating market.<\/p>\n<p>The tender offer is scheduled to begin on June 24, 2022, and end on July 22, 2022, unless prolonged or concluded sooner by Bally&#8217;s. The corporation has also stated its plan to distribute capital back to shareholders in the future, including through its previously declared $350 million capital return initiative.<\/p>\n<p>The &#8220;Dutch auction&#8221; structure permits Bally&#8217;s to establish the lowest price per share within the designated range that will allow them to acquire the highest volume of shares, up to the $1.9 billion objective. All shares tendered will be bought at an identical price, which could be greater or lesser than the market price during or before the offer timeframe.<\/p>\n<p>Bally&#8217;s intends to fund the share buybacks utilizing current cash reserves and accessible financial means, as well as covering any potential charges and expenditures. The corporation is also ready to secure funds under its revolving credit line if required, showcasing its commitment to the buyback scheme. <\/p>\n<p>Standard General possesses a substantial, albeit not controlling, ownership interest in Bally&#8217;s, representing approximately 22% of the company&#8217;s stock. They remain open to the possibility of divesting their holdings, and Bally&#8217;s management appears to be in agreement.<\/p>\n<p>Both parties have pledged to maintain openness, assuring Bally&#8217;s of a minimum six-day notice period should they opt to proceed with a sale to the interested buyer.<\/p>\n<p>This entire transaction is being supervised by prominent financial institutions \u2013 Goldman Sachs is spearheading the process, with Capital One Securities, Truist Securities, and Wells Fargo Securities also providing advisory services. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ballys Corporation is addressing the current market decline by putting forth a revised &#8220;Dutch auction&#8221; tender offer to acquire up to 19% of its issued shares. The firm intends to repurchase $1.9 billion in shares at a cost ranging from $19.25 to $22 per share. This choice, reached by Bally&#8217;s board of directors, demonstrates their [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bally<\/title>\n<meta name=\"description\" content=\"Bally\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ballys Corporation Announces Dutch Auction Tender Offer to Repurchase Up to 19% of Shares\" \/>\n<meta property=\"og:description\" content=\"Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in the Finest Online Casino Experience | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T16:01:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:46:17+00:00\" \/>\n<meta name=\"author\" content=\"Sawyer &quot;Scion&quot; Daugherty\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sawyer &quot;Scion&quot; Daugherty\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/\",\"url\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/\",\"name\":\"Bally\",\"isPartOf\":{\"@id\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-11T16:01:20+00:00\",\"dateModified\":\"2024-06-12T07:46:17+00:00\",\"author\":{\"@id\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/#\/schema\/person\/5cfabae023422e401e25360cd13276a4\"},\"description\":\"Bally\",\"breadcrumb\":{\"@id\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/11\/ballys-corporation-announces-dutch-auction-tender-offer-to-repurchase-up-to-19-of-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ballys Corporation Announces Dutch Auction Tender Offer to Repurchase Up to 19% of Shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/jumbabetnodepositbonuscodes.icu\/\",\"name\":\"Indulge in the Finest Online Casino Experience | Licensed\",\"description\":\"Experience the best of online gambling through our fresh casino news, in-depth game reviews, and informative insights. 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