An investigation on behalf of investors in Bally’s Corporation (NYSE:BALY) shares over potential wrongdoing at Bally’s Corporation was announced.
San Diego, CA -- (SBWIRE) -- 04/12/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Bally's Corporation
Investors who purchased shares of Bally's Corporation (NYSE: BALY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Bally's Corporation breach their fiduciary duties owed to NYSE: BALY investors in connection with the proposed acquisition at $38 per share.
Providence, RI based Bally's Corporation owns and operates gaming and racing facilities in the United States.
On January 25, 2022, Bally's Corporation's largest shareholder, hedge fund Standard General LP, submitted an offer to buy the remaining stock it doesn't already own for $38 a share.
However, given that at least one analyst has set the high target price for NYSE: BALY shares at $75.00 per share, the investigation concerns whether the offer is unfair to NYSE: BALY stockholders. More specifically, the investigation concerns whether the Bally's Corporation Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with any proposed sale.
Those who are current investors in Bally's Corporation (NYSE: BALY) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.