Fertitta and affiliates take control of Station Casinos

By Lisa Kerner

Charlotte, N.C., Nov. 7 - Fertitta Colony Partners LLC subsidiary FCP Acquisition Sub was merged with and into Station Casinos, Inc., with Station Casinos being the surviving corporation in a deal first announced on Feb. 23, 2007.

Station Casinos stockholders approved the $90-per-share merger agreement at a special meeting held on Aug. 13, a company news release stated.

As a result of the merger, the issued and outstanding shares of non-voting common stock of Station Casinos are owned by affiliates of chairman and chief executive officer Frank J. Fertitta III, vice chairman and president Lorenzo J. Fertitta and Colony Capital, LLC affiliates Blake L. Sartini and Delise F. Sartini.

Frank and Lorenzo Fertitta and Colony Capital, a Los Angeles private investment firm, formed Fertitta Colony Partners to acquire Station Casinos.

Station Casinos' common stock ceased trading at market close on Nov. 7, the release stated.

It was previously reported that the merger was valued at about $8.8 billion.

Station Casinos is a Las Vegas gaming and entertainment provider.

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