SEARCH NEWS:

 

Pinnacle Entertainment Offers Common Stock

LAS VEGAS – (PRESS RELEASE) -- Pinnacle Entertainment, Inc. (NYSE: PNK) announced today that it intends to offer 3.0 million newly issued shares of its common stock under an effective shelf registration statement on file with the Securities and Exchange Commission. The Company also intends to grant to the underwriters of the proposed offering an option to purchase up to 450,000 newly issued shares of common stock. Upon the completion of the offering, Pinnacle anticipates having approximately 38.9 million shares of common stock outstanding, assuming the option to purchase additional shares is not exercised.

Lehman Brothers Inc. and Deutsche Bank Securities Inc will act as joint book-running managers of the offering. In addition, Bear, Stearns & Co. Inc. will act as joint lead manager of the offering.

Copies of the final prospectus supplement relating to the offering may be obtained from Lehman Brothers Inc., c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, NY 11717, (613) 254-7106, or Linda Wegmann, Deutsche Bank Securities, 1251 Avenue of the Americas, Floor 25, New York, NY 10020, (212) 474-7392.

< Gaming News