|
|
|
Station Casinos to be Bought for $8.8 B |
| |
Author: Elena Todorova
123jump.com
Last Update: 10:20 AM EST February 26 2007
U.S. stocks opened notably higher Monday on well-received deal news, including the $45 billion takeover of TXU Corp. The shares of the utility jumped 13% after agreeing to be bought by a consortium led by Kohlberg Kravis & Roberts and Texas Pacific Group. In other news, Station Casinos gained 4.2%, after Company Management and Colony Capital agreed to buy the casino-operator for $8.8 billion. |
|
| |
|
|
