Bally’s signs merger agreement with Standard General valued at $4.6bn

With offers dating back to at least 2022, Bally’s has finally agreed to a deal with Standard General. Bally’s Corporation has entered into a definitive merger agreement with Standard General L.P. Standard General has made several attempts to acquire the company in the past, with the first bid in 2022 at $38 per share, then again earlier this year at $15 per share. This lower offer was criticised by Bally’s investor K&F Gr...