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Franklin Resources - BEN - Special cash dividend; Boyd Gaming - BYD - Approval To Acquire Peninsula Gaming

Monday, November 19, 2012 12:19 PM
Franklin Resources, Inc. (NYSE: BEN) announced a special cash dividend in the amount of $3.00 per share payable on December 20, 2012 to stockholders of record holding shares of common stock at the close of business on December 6, 2012. Franklin Resources, Inc. (BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $753 billion in assets under management as of October 31, 2012. About Franklin Resources - BEN Franklin Resources, Inc. (BEN) is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. The Company operates in two segments: investment management and related services, and banking/finance. Its investment management and related services provides services to investment funds in jurisdictions globally, which include the United States- and non-the United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. Its banking/finance segment provides clients with select retail banking, private banking and consumer lending services through its banking and finance subsidiaries. In November 2012, it acquired a majority stake in K2 Advisors Holdings LLC. Boyd Gaming Receives Final Regulatory Approval To Acquire Peninsula Gaming Boyd Gaming Corporation (NYSE: BYD) announced that the Kansas Racing and Gaming Commission has approved the Company's proposed acquisition of Peninsula Gaming, LLC. Boyd Gaming has now received all required regulatory approvals required to proceed with the acquisition.  The transaction is expected to close on November 20, 2012. "This is a significant milestone, and we look forward to welcoming the Peninsula team to Boyd Gaming," said Keith Smith, President and Chief Executive Officer of Boyd Gaming.  "The acquisition of Peninsula Gaming will strengthen our Company financially by diversifying our operations, nearly doubling our free cash flow and delivering substantial value for our shareholders." About Boyd Gaming - BYD Headquartered in Las Vegas, Boyd Gaming Corporation (BYD) is a leading diversified owner and operator of 17 gaming entertainment properties located in Nevada, New Jersey, Mississippi, Illinois, Indiana, and Louisiana. Boyd Gaming Corporation (BYD) is a multi-jurisdictional gaming company. The Company is an operator of 16 wholly owned gaming entertainment properties and one controlling interest in a limited liability company. It has gaming operations in Nevada, Illinois, Louisiana, Mississippi, Indiana and New Jersey.
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