New York, New York -- Tripp Levy PLLC a leading national securities law firm announces that it is investigating the acquisition of Ameristar on behalf of shareholders. Pinnacle Entertainment announced that it has entered into an agreement to acquire Ameristar for $26.50 per share
The investigation concerns whether the Management and Board of Directors have breached their fiduciary duties. Management has agreed to vote their shares in favor of the merger and prior to doing so entered into long term employment agreements. Further, the price is significantly below wall street's expectations of $30 per share.
If you are a shareholder and would like to learn additional information please contact us toll free at 877-772-3975 or email at contact @ tripplevy