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Penn National Gaming Inc. Message Board

  • scottsdalem scottsdalem Nov 16, 2012 11:21 AM Flag

    Not happening till end of 2013?

    Is this new structure won't happen until end of 2013?

    That's a long time. Lot of things could change by then.

    Back below $40 soon with revenue and profit guided lower.

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Next steps:
      Q2 2013 Begin Financing Transactions
      Q2 2013 Prepare spin-off agreements and SEC filings (including pro forma financial statements for each company)
      Q2 2013 File Form S-11
      Q4 2013 Distribution made after Form S-11 declared effective and Complete Regulatory Process
      Q4 2013 OpCo completes tax-free spin of PropCo
      Q1 2014 PropCo to purge E&P and make REIT election

      Sentiment: Strong Buy

 
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