Fortress Investment Group LLC (FIG)

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Mississippi Gaming Commission approves Penn National buyout
Thursday April 17, 5:25 pm ET
Mississippi Gaming Commission approves Penn National Gaming takeover by investment companies


WYOMISSING, Pa. (AP) -- Penn National Gaming Inc., which operates casinos and racetracks, said Thursday it received Mississippi Gaming Commission approval for its pending takeover by two investment groups.
Fortress Investment Group LLC and Centerbridge Partners LP agreed to buy the company for $67 per share in June.

The deal is expected to close late in the second quarter. If the transaction is not complete by June 15, the offer will increase by about a penny per share per day.

Shares rose 31 cents to close at $40.36.