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Bally’s opts for investment in lieu of tangible equity unit offering

16th April 2021 10:21 am GMT
Bally's Corp

New York-listed Bally’s Corp. has dropped plans to offer $250m of tangible equity units, opting instead to pursue a private offering of equity-linked securities to a potential strategic investor.

Bally’s announced its equity units plan on April 13 alongside the offering of $600m in common stock, but has now decided to discontinue the equity units element of the fundraising in favour of a private offering.

The company said Thursday that it has received an unsolicited offer from [...]

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