Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Activist Target

Activist Urges Pinnacle $PNK to spinoff its properties into REIT

Pinnacle Entertainment (PNK) rose yesterday after activist investor Orange Capital LLC disclosed a 4.5% stake and urged PNK to spinoff its properties into a REIT. A similar situation played out last year at Penn National Gaming, Pinnacle’s competitor, when it spun off most of its real estate into a REIT. Source: Reuters.com

 

Get Documents via Email

Document search By Category