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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (74801)	12/4/2006 12:18:57 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Nothing more than loots, and they have carry trade hedge funds lined up to stuff. These are now nothing more than large scale criminal enterprises. For instance once the owners of say this one, STN, cash out, do you think these LBO loans are recoursed back to them, and that they have any obligation to pay them back? The monies recieved will be long gone into the rat lines. The is a deal to take the insiders out at inflated prices, they already hold 27% ($1.25 billion)of the shares. finance.yahoo.com Monday December 4, 11:50 am ET Station Casinos Gets $4.7B Buyout Offer From Group Including Top Company Executives LAS VEGAS (AP) -- Casino operator Station Casinos Inc. said Monday it received a $4.7 billion acquisition offer from a group including its chief executive and president. Its shares jumped more than 18 percent. Las Vegas-based Station created a special committee of independent directors to evaluate the $82 per share bid from a group formed by Station Chairman and Chief Executive Frank J. Fertitta III, Station Vice Chairman and President Lorenzo J. Fertitta and Colony Capital Acquisitions LLC, an affiliate of Colony Capital LLC, the company said in a statement. Station gained $12.58, or 18.1 percent, to $81.58 in morning trading on the New York Stock Exchange. The proposed buyer, Fertitta Colony Partners LLC, said in a letter it wants to acquire all of Station's outstanding common stock. It said it has financing commitments sufficient to consummate the deal. Frank and Lorenzo Fertitta, Blake and Delise Sartini, and Colony provided equity funding commitments, the company said. Deutsche Bank Trust Company Americas and German American Capital Corporation have provided debt financing commitments. The company said the offer was received Friday. It said the special committee had been authorized to review any rival buyout proposals but that no decisions had been made about a response. Station operates 10 neighborhood casinos in the Las Vegas area, including the Red Rock Casino Resort that opened this year in northeast. Most include movie theaters and entertainment venues. It also is part owner in the Green Valley Ranch Station Casino in Henderson and manages Thunder Valley Casino near Sacramento, Calif. on behalf of the United Auburn Indian