Gaming
and Leisure Properties Inc. (NYSE: GLPI) offered to buy Pinnacle
Entertainment Inc.'s (NYSE: PNK) real estate assets in a deal valued at
approximately $4.1 billion including the assumption of debt. Shares of
Gaming and Leisure Properties leaped $4.06 to close at $36.43 while
Pinnacle Entertainment stock jumped $4.19 to close at $31.61.
Gaming and Leisure to buy Pinnacle assets
March 09, 2015 at 17:02 PM EDT