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Fortress will buy Penn Gaming for $8,9 billion

American investment company Fortress Investment Group LLC will buy the casino operator Penn National Gaming Inc. for 8,9 billion the dollars operating of 18 casinos and hippodromes in the USA.
Fortress will pay 67 dollars for each Penn Gaming’s share that is on 31 % above the price of these papers on results of the tenders […]

Posted by webmaster on 17 Jun 2007 at 5:57 am under Corporations | Link