FTC Requests More Info from Penn National, Argosy

8 Feb 2005

WYOMISSING, Pennsylvania -- (PRESS RELEASE) -- Penn National Gaming, Inc. (PENN:Nasdaq) and Argosy Gaming Company (AGY:NYSE) today announced that, as expected, they have received a request from the Federal Trade Commission (FTC) for more information relating to the previously announced merger of Penn National and Argosy.

The companies intend to respond promptly to the information request. This "second request" extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 during which the FTC reviews the transaction.

The transaction remains subject to approval by each company's respective state regulatory bodies, and to certain other necessary regulatory approvals and other customary closing conditions contained in the merger agreement. Penn National Gaming continues to expect its pending acquisition of Argosy Gaming Company to close in the second half of 2005.

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	FTC Requests More Info from Penn National, Argosy 8 Feb 2005 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> WYOMISSING, Pennsylvania -- (PRESS RELEASE) -- Penn National Gaming, Inc. (PENN:Nasdaq) and Argosy Gaming Company (AGY:NYSE) today announced that, as expected, they have received a request from the Federal Trade Commission (FTC) for more information relating to the previously announced merger of Penn National and Argosy. The companies intend to respond promptly to the information request. This "second request" extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 during which the FTC reviews the transaction. The transaction remains subject to approval by each company's respective state regulatory bodies, and to certain other necessary regulatory approvals and other customary closing conditions contained in the merger agreement. Penn National Gaming continues to expect its pending acquisition of Argosy Gaming Company to close in the second half of 2005.