11:19 AM EDT, 03/12/2024 (MT Newswires) -- Bally's (BALY) said Tuesday it has set up a special committee of directors to assess a nonbinding proposal by Standard General to buy out the company for $15 per share in cash.

The committee will also evaluate any potential strategic alternatives to the proposal, the casino-entertainment company said.

Bally's shares were up more than 5% in recent trading.

Price: 14.43, Change: +0.79, Percent Change: +5.79