TITLE

Station officially rejects Boyd Gaming bid

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/9/2009, Vol. 26 Issue 10, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Station Casinos' board of directors to reject Boyd Gaming Corporation's unsolicited $950 million offer for a majority of Station's assets. The board said it was in the best interest of the company and its stakeholders to proceed with the company's restructuring plan. Chairman and chief executive officer (CEO) Frank Fertitta III signed a letter to Boyd Gaming which stated that the company has no determination to pursue nor has the company taken any steps towards pursuing a sale of all or any portion of its assets.
ACCESSION #
40538964

 

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