NEW YORK, July 3 /PRNewswire/ -- PNG Merger Sub Inc. (the "Purchaser"), a wholly owned subsidiary of PNG Acquisition Company Inc. ("Parent"), announced today that it has terminated its previously announced cash tender offer and consent solicitation for any and all of the $200,000,000 aggregate principal amount of 6 7/8% Senior Subordinated Notes due 2011 of Penn National Gaming, Inc. ("Penn") (CUSIP No. 707569AH2) (the "2011 Notes") and any and all of the $250,000,000 aggregate principal amount of 6 3/4% Senior Subordinated Notes due 2015 of Penn (CUSIP No. 707569AL3) (the "2015 Notes" and collectively with the 2011 Notes, the "Notes") (such tender offers and consent solicitations together, the "Offers").As a result of the termination, the amendments to the indentures pursuant to which the Notes were issued will not become operative.
All Notes that were tended in the Offers will be returned promptly to the respective holders thereof without any action on the part of the holders.
Forward-Looking Statements:
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