Pinnacle Entertainment (PNK) Misses Q3 EPS by 27c
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Pinnacle Entertainment (PNK) to Spin-Off Real Estate Assets
November 6, 2014 7:47 AM ESTPinnacle Entertainment, Inc. (NYSE: PNK) announced today that its Board of Directors has approved a plan to pursue a separation of the Company's operating assets and its real estate assets into two publicly traded companies, subject to the successful resolution of various contingencies, including those outlined below. The Board reached this decision after reviewing various alternatives designed to maximize long-term shareholder value, including alternate financing, capitalization and strategic... More
