Pinnacle Entertainment (PNK) will buy Aztar (AZR) for about $1.45 Billion in cash plus debt. Overall, the deal will be $2.1 Billion.
Pinnacle To Acquire Aztar
Dan Lee exuded confidence and competence in the conference call. This will be a great deal especially with Dan Lee's commitment to redevelop the entire 34 acres on which the Las Vegas Tropicana sits.
The conference call is well worth listening to at:
Pinnacle Entertainment Conference Call of March 13, 2006