NEW
YORK, Sept. 23, 2024 /PRNewswire/ -- Nationally
recognized shareholder rights firm Julie & Holleman LLP is
investigating the proposed buyout of Bally's Corporation (NYSE:
BALY) by the company's largest shareholder, private equity firm
Standard General L.P.
For a free, no-risk consultation, please visit
https://julieholleman.com/ballys-corporation/, or contact firm
partner Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020.
Standard General already owns 25% of Bally's and proposes to buy
out the rest of the company for $18.25. This price is less than Bally's recent
trading prices. In addition, financial analyses in a recent SEC
filing suggest that the company may be worth as much as
$35.32 per share.
Julie & Holleman is also concerned about conflicts of
interest—Standard General is squeezing out public shareholders
while retaining for itself the company's massive potential. Indeed,
certain investors have expressed that Standard General is taking
advantage of short-term market conditions to buy the company at a
steep discount to its intrinsic value.
Please visit
https://julieholleman.com/ballys-corporation/ or contact
partner Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020 for
more information.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
www.julieholleman.com. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP
