Kaskela Law LLC announces investigation

PHILADELPHIA, July 26, 2024 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it has commenced an investigation into the recently announced proposed takeover of the shareholders of Bally’s Corporation (“Bally’s”) (NYSE: BALY).

On July 25, 2024, Bally’s announced that it had agreed to be acquired by its largest shareholder, Standard General LP, at a price of $18.25 per share. Upon completion of the proposed transaction, Bally’s shareholders will liquidate their holdings and the company’s shares will no longer be publicly traded.

The investigations to date have shown that the process leading to the announcement of the acquisition appears to have involved significant conflicts of interest, making the sale process and the price per share appear unfair to the company’s shareholders. In particular, prior to the announcement of the planned acquisition, at least two equity analysts had a price target for BALY shares of over $30.00 per share.

Bally shareholders who are dissatisfied with the compensation price are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.).r additional information about this investigation and your legal rights around (484) 229 – 0750, or by clicking on the following link (or, if necessary, copy and paste the link into your browser):

https://kaskelalaw.com/case/ballys-corp-buyout/

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation on a contingency basis. For more information about Kaskela Law LLC, visit www.kaskelalaw.com.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com

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