Station Casinos Las Vegas Gaming Company Buyout Bid For $5.4 Billion

Station Casinos ExecsStation Casinos Las Vegas gaming company is accepting a buyout bid from Fertitta Colony Partners for $5.4 billion or $90 per share. This buyout also includes the repayment of $3.5 billion of debt, making the total real estate deal worth $8.8 billion.

While a private equity group involving the founding family has increased its offer to take Station Casinos private, industry analysts say a follow-up bid that might drive the price higher is unlikely to come.

Station has 30 business days remaining to solicit additional proposals from competing buyout bidders.

The current bid is being placed by a private equity partnership involving Los Angeles-based Colony Capital and Station Casinos Chairman and CEO Frank Fertitta III, Lorenzo Fertitta, president, and their sister, Delise Sartini, and Blake her husband.

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