Kerzner to Buy Back Chain to go Private

Filed in archive Casinos on March 20, 2006

Father, son group, Kerzner International, who own the atlantis Resort and Casino in Paradise Island, Bahamas, are planning to buy back their shares to take the group private.

The $3.6 billion deal would value Kerzner at $76 per share - an 8% premium on last friday's closing price. News of the deal caused an 11% share price rise to $79

Kerzner said that while it "will actively solicit superior proposals during the next 45 days," it expects the transaction to close in the middle of 2006.

Article: Kerzner Casino Chain to Go Private

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