Penn National Gaming Inc.’s bid to buy Pinnacle Entertainment Inc. has advanced after the regional casino operator sweetened its bid for its rival. The companies are discussing a cash-and-stock deal that could value Pinnacle in the low-$30s a share and they could reach an agreement in the next few weeks, according to people familiar with the matter. Pinnacle shares were trading at $30.53, up 3.1%, Thursday afternoon. Pinnacle...

Source: Wall Street Journal November 30, 2017 17:45 UTC