Station Casinos to delist common stock from NYSE by end of October

By Lisa Kerner

Charlotte, N.C., Oct. 24 - Station Casinos, Inc. said it notified the New York Stock Exchange of its intent to delist its common stock from the NYSE as soon as the company is acquired by Fertitta Colony Partners LLC and its subsidiary FCP Acquisition Sub.

The merger is expected to be completed by the end of October, according to a company news release. Station Casinos will then be directly owned by affiliates of Frank J. Fertitta III, Station Casinos' chairman and chief executive officer; vice chairman and president Lorenzo J. Fertitta; Blake L. Sartini; Delise F. Sartini; and affiliates of Colony Capital, LLC.

On Oct. 18, it was announced that the Nevada Gaming Commission approved the proposed acquisition following the recommendation of the Nevada Gaming Control Board.

In August, Station Casinos' stockholders approved the Feb. 25, 2007 merger agreement, which gives them $90 cash per share in a deal valued at about $8.8 billion.

Colony Capital is a Los Angeles private investment firm specializing in real estate-related assets and securities.

Station Casinos is a Las Vegas gaming and entertainment provider.

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