Withdrawn Deals Greater Than $50M

July 14, 2008

Target: Penn National Gaming Inc (7948)

Own, op race tracks, casinos

Lazard

Acquiror: PNG Acquisition Co Inc (6799)

Special purpose acq vehicle

Deutsche Bank; Wachovia Bank

Deal InformationValue:

Type:8,894.5

Merger |

| Announced:

Withdrawn:06/15/07

07/03/08US - PNG Acquisition Co Inc, a special purpose acquisition vehicle formed by Fortress Investment Group LLC and Centerbridge Partners LP, terminated its definitive agreement to acquire all the outstanding common stock of Penn National Gaming Inc, an owner and operator of casinos and race tracks, for $67 in…

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