October 1, 2018 / 10:14 PM / 15 days ago

U.S. FTC approves Penn National's purchase of Pinnacle with divestitures

WASHINGTON, Oct 1 (Reuters) - The U.S. Federal Trade Commission on Monday approved casino operator Penn National Gaming Inc’s $2.8 billion purchase of Pinnacle Entertainment Inc, requiring they divest assets in three Midwestern cities.

The FTC said the companies, which announced the planned purchase in December, should sell casino-related assets in Cincinnati, St. Louis and Kansas City, Missouri. (Reporting by Mohammad Zargham; Editing by Eric Beech)

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