WILMINGTON, Del. –Rigrodsky & Long, P.A.:
- Do you own shares of Pinnacle Entertainment, Inc. (NASDAQ GS: PNK)?
- Did you purchase any of your shares prior to December 18, 2017?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Pinnacle Entertainment, Inc. (“Pinnacle” or the “Company”) (NASDAQ GS: PNK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Penn National Gaming, Inc. (“Penn National”) (NASDAQ GS: PENN) in a transaction valued at approximately $2.8 billion. Under the terms of the agreement, shareholders of Pinnacle will receive $20.00 in cash and 0.42 shares of Penn National for each share of Pinnacle common stock.
If you own common stock of Pinnacle and purchased any shares before December 18, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at [email protected].
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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