Ameristar bids $2bn for Aztar
Ameristar Casinos has announced its US$2.25bn (£1.3bn, E1.96bn) proposal to acquire the Aztar Corporation, which owns the Tropicana casino resorts in Las Vegas and Atlantic City.
The offer values Aztar at US$42 (£24, E34) per common share and includes the assumption of debt.
The deal would create the fifth largest publicly trading US gaming company, leaving Ameristar with around 21,000 slot machines, 650 table games and 7,000 hotel rooms under its control.
Funding has come from Wachovia Securities, Merrill Lynch & Co, and Wells Fargo Bank to complete the deal.
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