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Fly News Breaks for May 11, 2015
GLPI, PNK
May 11, 2015 | 08:36 EDT
Susquehanna noted Gaming and Leisure Properties (GLPI) is in talks with Pinnacle (PNK) regarding a potential REIT transaction and believes the company could offer Pinnacle as much as $45 a share before the deal becomes dilutive. Susquehanna said the transaction remains Gaming and Leisure Properties' most significant near-term catalyst and maintains its Neutral rating and $42 price target on its shares.
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