Penn National to acquire Argosy Gaming
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The boards of directors of Penn National Gaming Inc., which operates Penn National Race Course in Pennsylvania and Charles Town Races in West Virginia, and Argosy Gaming Co.
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Moody&#39;s Investors Service may downgrade ratings on Argosy Gaming and its potential suitor, Penn National Gaming Inc., following the companies&#39; merger announcement Wednesday.
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Shares of casino operator Penn National Gaming (PENN) surged more than 25 percent on Thursday as its plans to buy riverboat gambling company Argosy Gaming (AGY) pushed stocks higher across the sector.
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Landry's Restaurants Inc., whose operations include Rainforest Cafe and The Crab House, is buying the Golden Nugget hotel casino in downtown Las Vegas, a first step in a strategy to get a slice of the lucrative gambling business and expand its profit pipeline. Landry's shares surged more than 12 percent on the news.
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Seafood chain Landry's Restaurants Inc.  LNY.N said on Friday it would jump into the gambling business  with the purchase of the storied Golden Nugget Casino in  downtown Las Vegas for $140 million.
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The sale of Riggs National Corp.  RIGS.O to PNC Financial Services Group Inc. PNC.N was  resurrected on Thursday, with Riggs agreeing to accept a 16  percent cut in the purchase price.
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Under the agreement, which followed several months of negotiations, Gamesa will also open an advanced technology manufacturing facility for turbine generator blades in Pennsylvania.
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Public Service Enterprise Group, owner of the state&#39;s biggest gas and electric utility, yesterday agreed to be acquired by Exelon in a $12.2 billion deal that would create the nation&#39;s biggest
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Oil and gas producer Noble Energy Inc.  NBL.N agreed to buy Patina Oil & Gas Corp. POG.N in a cash  and stock deal, helping it expand into the natural gas-rich  Rocky Mountain region, the companies said on Thursday.
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Casino operator Penn National Gaming Inc.  has agreed to be acquired in a deal worth $8.9 billion, including $2.8 billion in assumed debt, the company said on Friday.
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Argosy Gaming Co., the owner of Sioux City&#39;s riverboat casino, has been sold to Penn National Gaming Inc. in a $1.4 billion deal that would create the nation&#39;s third-largest operator of casinos.
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The Golden Nugget Casino in Las Vegas  agreed to be acquired for $140 million by Landry's Restaurant's  Inc. LNY.N, the seafood chain operator said on Friday,  announcing its first foray into the casino business.
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Station Casinos Inc.  said on Monday it received a management-led buyout offer from a group including its Chairman and Chief Executive Frank Fertitta for $82 per share, or $4.7 billion.
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Riggs National Corp. RIGS.O and PNC  Financial Services Group Inc. PNC.N on Thursday revived their  merger agreement, with Riggs agreeing to accept a 16 percent  cut in the purchase price to $652 million.
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Casino operator Penn National Gaming Inc. is buying Argosy Gaming Co. in a stock purchase deal worth about $2.2 billion, including about $805 million in long-term debt, the companies said Wednesday.
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NEW YORK, December 16  - Oil and gas company Noble Energy (NBL.NYS) announced today that it has agreed to acquire Patina Oil &amp; Gas Corp (POG) in a $3.4 billion cash, stock and debt deal.
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Goldcorp Inc. yesterday became the third North American mining company this year to launch a bid to buy Wheaton River Minerals Ltd.