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Article: Pinnacle Entertainment Announces Pricing of Public Offering of Six Million Shares of Common Stock.
- Article from:
- PR Newswire
- Article date:
- January 13, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS, Jan. 13 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. announced that the underwritten public offering of 6.0 million of its newly issued shares of common stock has been priced at $27.35 per share, which will result in gross proceeds to Pinnacle of $164.1 million. Lehman Brothers Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers of the offering. In addition, Bear, Stearns & Co. Inc. and Merrill Lynch & Co. are acting as joint lead managers of the offering.
The offering is expected to close on January 19, 2006, subject to customary closing conditions. The underwriters of the offering have a 30-day option to ...