Bally’s looks to buy back stock through ‘Dutch auction’ tender offer

Bally’s has announced that it has begun a modified ‘Dutch auction’ tender offer, through which it intends to buy up to 19% of its issued and outstanding shares. The move comes in light of recent capital market changes, with the Bally’s board of directors determining that the company should pursue a $190m tender offer for shares, at a per share price of no less than $19.25 and no greater than $22. The offer...