Pinnacle Entertainment Soars Amid Report Of Deal With Gaming And Leisure Properties

Shares of

soared over 20 percent in Monday's premarket amid a report from CNBC's David Faber that

proposed a merger of real estate assets.

Gaming and Leisure Properties confirmed that it will issue a press release regarding the proposal. Pinnacle Entertainment traded at $33.57 in the premarket, up 22.43 percent. Gaming and Leisure Properties traded at $34.00 in the premarket, up 5.04 percent.