Cision PR Newswire

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/ballys-buyout-alert-shareholders-concerned-about-18-25-deal-price-should-contact-julie--holleman-llp-regarding-potential-legal-claims-302255167.html

SOURCE Julie & Holleman LLP