After offering to buy Pinnacle real estate assets in January, the company again offered a total of $4.1 billion. The two companies failed to offer terms to participate, and are now making public offers for Pinnacle shareholders to see.

The deal would allow shareholders to secure one share of Pinnacle’s casino-operated shares and 0.5517 GLPI for each share they currently own. That could amount to $36 per share for Pinnacle, totaling over $2 billion. Including current debt, the deal is worth just over $4 billion.

Pinnacle announced in November that it planned to separate its operating assets from the property and set up its own real estate investment trust. Pinnacle said it was considering a revised offer, although the previous offer did not offer more value than the current plan.

Based on stock value, Pinnacle has an estimated market value of $1.65 billion, but has seen some big gains. In fact, the stock closed at $33 on Monday, hitting an eight-year high.

GLPI plans to continue with the offer until it is accepted and believes trading with Pinnacle’s shareholders will be key to closing the deal. 안전 슬롯사이트

If Pinnacle’s proposed deal is accepted, it will be able to formally own a 20% stake in GLPI, retain a 100% stake in the operating company and lease casino properties from GLPI.

Pinnacle currently owns 15 casinos in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada and Ohio. GLPI is a real estate investment trust linked to Penn National Gaming, which owns about 20 casinos in the United States.