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Station casinos email login12/6/2023 ![]() So it is not clear that there are going to be any competitors here," Faber reported.įertitta Colony Partners has received sufficient financing commitments to complete the deal, the company said. I have spoken with at least one person who tells me they were at least aware of one potential private equity buyer here that had done some work and ultimately decided to pass. "We will see what the special committee decides to do here. The company, which operates casinos catering to Las Vegas residents, said it established a special committee of independent directors to review the bid as well as any alternative proposals.įaber says there may not be a challenge to Fertitta's offer. The offer represents a 19% premium over Station's closing price on Friday of $69.10 on the New York Stock Exchange. The group also includes Los Angeles-based real estate investment firm Colony Capital. ![]() The offer marks the third buyout offer received by a major casino company this year, as executives move to operate their businesses out of the public market amid a flood of private equity financing.įertitta's investor group is called Fertitta Colony Partners, formed by Fertitta and his brother Lorenzo who is president of Station. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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