keywords: argosy merger casino penn stock
text: Merger could make Penn National 3rd largest casino operator By VICKI SMITH, Associated Press Writer, The Associated Press. Penn National, based in Wyomissing, Pa., will pay \$47 per share for Argosy stock, or about 15 percent more than Wednesday #39;s closing price and assume \$805 million of Argosy #39;s long-term debt.