Gaming and Leisure to buy Pinnacle assets

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.