nasdaqpenn
Penn National Gaming, which rebranded itself to become PENN Entertainment Inc (NASDAQ:PENN), has announced plans to acquire 100% of Barstool Sports. The company has call rights on all of Barstool’s outstanding shares of common stock and has exercised those call rights to purchase 100% of the company. Q2 2022 hedge fund letters, conferences and more Penn Entertainment To Purchase All Of Barstool SportsPenn paid $161.2 million to purchase 36% of Barstool Sports' common shares in February 2020. The company announced plans to pay another $62 million to boost its ownership to 50% of Barstool Sports...
ValueWalk
RGA Investment Advisors commentary for the third quarter ended September 2021, titled, “looking inward and looking westward.” Q3 2021 hedge fund letters, conferences and more The third quarter concluded with the worst month for equity markets since March 2020. That said, the month of September was hardly worth comparing to the peak of the COVID-19 induced panic. We underperformed markets during the quarter, and one adverse event in a portfolio company inflicted more pain than markets at large. We spent considerable time reflecting on this situation, which is further discussed below. While our ...
ValueWalk
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