{"id":128,"date":"2024-06-15T01:20:09","date_gmt":"2024-06-14T22:20:09","guid":{"rendered":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/15\/bally-inc-preliminary-tender-offer-results-show-strong-shareholder-interest\/"},"modified":"2024-06-17T12:57:56","modified_gmt":"2024-06-17T09:57:56","slug":"bally-inc-preliminary-tender-offer-results-show-strong-shareholder-interest","status":"publish","type":"post","link":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/15\/bally-inc-preliminary-tender-offer-results-show-strong-shareholder-interest\/","title":{"rendered":"Bally Inc. Preliminary Tender Offer Results Show Strong Shareholder Interest"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/svpst4Iug2I\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Bally, Inc. has released preliminary outcomes for their altered &#8220;Dutch auction&#8221; tender offer, concluding on July 22, 2022.  The company is repurchasing its own shares, and early indications suggest a positive response.  Shareholders tendered nearly 4.9 million shares at or under $22 per share, representing approximately 9.2% of the company&#8217;s total outstanding shares.  This figure encompasses shares committed for sale via guaranteed delivery mechanisms. Bally anticipates accepting these tenders for an aggregate purchase amount of $106,886,230, excluding fees and expenses associated with the tender offer.  Given the repurchase of less than 10% of the company, Bally does not foresee the need for any allocation procedures to determine specific share purchases.  The definitive number of shares acquired through the tender offer will be disclosed following the guaranteed delivery period and the depositary&#8217;s finalization of the verification process. <\/p>\n<p>Ballys Enterprises has reiterated their ability to repurchase their stock on public exchanges or privately, a completely permissible action.  No concrete guarantees have been made, leaving shareholders who opt to sell back their holdings uncertain if they&#8217;ll receive the tender offer price, a premium, or a discount. The situation remains fluid.<\/p>\n<p>As a reminder, they have earmarked $334.6 million for the buyback program initiated in June 2022, aiming to acquire 19% of the company&#8217;s outstanding shares. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bally, Inc. has released preliminary outcomes for their altered &#8220;Dutch auction&#8221; tender offer, concluding on July 22, 2022. The company is repurchasing its own shares, and early indications suggest a positive response. Shareholders tendered nearly 4.9 million shares at or under $22 per share, representing approximately 9.2% of the company&#8217;s total outstanding shares. This figure [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bally Share Repurchase Update: Dutch Auction Sees Strong Early Interest<\/title>\n<meta name=\"description\" content=\"Bally Inc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/15\/bally-inc-preliminary-tender-offer-results-show-strong-shareholder-interest\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bally Inc. 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