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Standard General filed a report with the SEC that highlighted its current 21% ownership stake in Bally’s. And it outlined a proposal to buy the rest of the company’s shares for $38 per share. Commonplace Normal isn’t expecting a fast response, on condition that Bally’s board will have to kind a special committee to mull over the deal. Still, given Normal Common’s already giant stake and involvement in the company, it looks as if a good suitor.