Ameristar Casinos approved acquisition by Pinnacle
These shares represented approximately 81.6 % of the total outstanding shares of Ameristar common stock as of the March 22, 2013 record date for the meeting.
As previously announced, on December20, 2012, Pinnacle agreed to acquire Ameristar in an all-cash transaction valued at us$ 26.50 per Ameristar share, or total consideration of us$ 2.8 billion including assumed debt. Ameristar owns and operates casino facilities in St. Charles near St. Louis, Mo.; Kansas City, Mo.; Council Bluffs, Iowa; Black Hawk, Colo.; Vicksburg, Miss.; East Chicago, Ind.; the Jackpot, Nev., properties; and a casino resort under construction in Lake Charles, La.
Completion of the transaction remains subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, customary closing conditions and receipt of required regulatory approvals. Pinnacle and Ameristar continue to expect the transaction to close during the second or third quarter of 2013.
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