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Penn National to acquire Pinnacle Entertainment for $2.8 billion

Penn National Gaming is buying Pinnacle Entertainmet in a cash and stock transaction valued at approximately $2.8 billion. Penn National, which is based in Berks County, has 29 properties. Pinnacle, which is based in Las Vegas, has 16 properties. A combined company would have more than $5 billion…
Source: Morningcall