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Pa., W. Va. Regulators Sign Off On $2.8B Casino Merger

Law360 (March 21, 2018, 7:47 PM EDT) -- Penn National Gaming Inc. received approval Wednesday from Pennsylvania and West Virginia regulators for its planned $2.8 billion acquisition of Pinnacle Entertainment Inc., the company said in a public announcement.

Both the Pennsylvania Gaming Control Board and the West Virginia Lottery Commission signed off on the deal, announced in December, which would see Pennsylvania-based Penn National absorb Las Vegas-based Pinnacle in exchange for $20 in cash and 0.42 shares of Penn National common stock per Pinnacle share.

"We are grateful for the prompt review by the...
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