{"id":75,"date":"2024-06-13T11:14:53","date_gmt":"2024-06-13T08:14:53","guid":{"rendered":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/"},"modified":"2024-06-17T12:57:59","modified_gmt":"2024-06-17T09:57:59","slug":"ballys-corporation-announces-results-of-dutch-auction-tender-offer","status":"publish","type":"post","link":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/","title":{"rendered":"Ballys Corporation Announces Results of Dutch Auction Tender Offer"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/GuoCM_0g0pk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ballys Corporation has disclosed preliminary outcomes for its adjusted &#8220;Dutch auction&#8221; tender proposal, concluding on July 22, 2022. The company is repurchasing a portion of its equity. Shareholders were able to submit offers to vend their holdings back to Bally&#8217;s within a price range of $19.75 to $22.00 per share.  It appears numerous investors opted to sell at the $22.00 mark, as Bally&#8217;s will acquire approximately 4,858,465 shares at that value. This transaction will amount to $106,886,230 (excluding any applicable fees).  This represents roughly 9.2% of Bally&#8217;s total outstanding common stock.  While not a substantial portion of their shares (under 10%), this move indicates an effort to deliver value back to their investors.  Minor adjustments to the final share count are possible due to processing, but the essence remains unchanged. <\/p>\n<p>Ballys Corporation affirmed their ability to reacquire their stock through open market purchases or private transactions, contingent upon legal allowances. The particulars of these buybacks may resemble the provisions of their tender offer, potentially offering more or less favorable terms for selling stakeholders.<\/p>\n<p>Currently, the company has allocated $334.6 million for this endeavor, categorized under their capital return initiative. <\/p>\n<p>As a reminder, Bally&#8217;s originally unveiled this tender offer in June 2022. Their objective was to repurchase a portion of their outstanding shares \u2013 up to 19% of the stock currently issued and publicly traded. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ballys Corporation has disclosed preliminary outcomes for its adjusted &#8220;Dutch auction&#8221; tender proposal, concluding on July 22, 2022. The company is repurchasing a portion of its equity. Shareholders were able to submit offers to vend their holdings back to Bally&#8217;s within a price range of $19.75 to $22.00 per share. It appears numerous investors opted [&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<\/title>\n<meta name=\"description\" content=\"Bally\" \/>\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\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ballys Corporation Announces Results of Dutch Auction Tender Offer\" \/>\n<meta property=\"og:description\" content=\"Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Trusted Source for Licensed Online Casino News &amp; Updates\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T08:14:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:57:59+00:00\" \/>\n<meta name=\"author\" content=\"Chloe &quot;Cleo&quot; Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chloe &quot;Cleo&quot; Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/\",\"name\":\"Bally\",\"isPartOf\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\"},\"datePublished\":\"2024-06-13T08:14:53+00:00\",\"dateModified\":\"2024-06-17T09:57:59+00:00\",\"author\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/8a7099c6966e2e8a5a2da50f3e103c8d\"},\"description\":\"Bally\",\"breadcrumb\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/13\/ballys-corporation-announces-results-of-dutch-auction-tender-offer\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/ukonlinecasinoslist.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ballys Corporation Announces Results of Dutch Auction Tender Offer\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/\",\"name\":\"Your Trusted Source for Licensed Online Casino News &amp; Updates\",\"description\":\"Immerse yourself in the dynamic world of online gambling with the help of our fresh news, honest game reviews, and informative insights. 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