Pinnacle Entertainment, Inc.
PNK and Ameristar Casinos, Inc. ASCA announced today that on
February 11, 2013 they received a request for additional information and
documentary materials (a "Second Request") from the Federal Trade Commission
("FTC") regarding Pinnacle's proposed acquisition of Ameristar. The
information request was issued under notification requirements of the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act").
The effect of the Second Request is to extend the waiting period imposed by
the HSR Act until 30 days after each company has substantially complied with
the Second Request, unless that period is extended voluntarily by the
companies or terminated sooner by the FTC. The companies intend to
expeditiously respond to the information request and to continue to work
cooperatively with the FTC in connection with this review. Completion of the
transaction remains subject to the expiration or termination of the waiting
period under the HSR Act, customary closing conditions, approval by
Ameristar's stockholders, and required regulatory approvals. Pinnacle and
Ameristar continue to expect the transaction to close during the second or
third quarter of 2013.
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