Pinnacle Entertainment Reports Harveys Offer

Pinnacle Entertainment Inc. in Glendale, formerly known as Hollywood Park Inc., said it has received an acquisition offer from Harveys Casino Resorts for $25 per share of outstanding Pinnacle common stock.

The agreement is subject to regulatory approval and Pinnacle management, which would retain an equity share in the combined company.

Pinnacle Entertainment owns and operates eight casinos in Nevada, Mississippi, Louisiana and Argentina. Harveys Casino Resorts is owned by Colony Capital, an investment firm.