NEW YORK Feb 25 Station Casinos Inc. (STN.N) has
accepted a revised buyout offer valued at about $5.5 billion from
a group that includes the company's founding family and
real-estate firm Colony Capital LLC, according to The Wall Street
Station Casinos was not immediately available for comment.
Citing people close to the situation, the Journal said the Las
Vegas-based casino company's board voted on Saturday to enter into
a definitive agreement with Fertitta Colony Partners LLC, which
will pay $90 per share in cash to acquire the company and take it
Station Casinos shares closed up 30 cents at $83.30 on
Station Casinos first received an $82 per share bid from the
same group on Dec. 4, the newspaper said.