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Subsequent Events (Tables) | 9 Months Ended
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Sep. 30, 2018
Subsequent Events |
Summary of purchase consideration |
|  | October 15 ,2018
|  | (in thousands)
Pinnacle diluted shares outstanding |  | 62,613
Share exchange ratio |  | 0.42
Shares of Penn common stock issued to former Pinnacle shareholders |  | 26,297
Price per share of Penn common stock | $ | 28.51
Fair value of Penn common stock issued to former Pinnacle shareholders | $ | 749,740
Cash paid to former Pinnacle shareholders at $20 per share |  | 1,252,259
Cash paid by Penn to retire Pinnacle debt, inclusive of accrued interest |  | 814,273
Purchase price | $ | 2,816,272

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