Columbia Sussex Corp.

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• Walking Away with the Money: The Impact of Break-Up Fees on M&A Deals

  - 2006-07-24

  Many merger and acquisition deals include termination fees. These fees help cover the expenses of planning, negotiating, and investigating the merger deal in the event that the transaction is not completed. They also help protect the buyer if the seller receives a competitive offer. Sometimes, however, breakup fees can make...

  Tags: Columbia Sussex Corp., HBOS Plc.

• Ky. firm's bid takes parent of Tropicana

  - 2006-05-20

  A privately held Kentucky firm is the apparent winner of a 10-week-long bidding war for the parent company of Tropicana casinos in Atlantic City and Las Vegas. Columbia Sussex Corp., of Fort Mitchell, Ky., agreed to buy Aztar Corp. yesterday in a cash transaction valued at $2.1 billion, or...

  Tags: Aztar Corp., Columbia Sussex Corp., Pinnacle Entertainment Inc.

• Aztar prefers bid from Columbia Sussex over rival’s

  - 2006-05-16

  The board of Aztar Corp., owner of the Tropicana casinos in Atlantic City and Las Vegas, has declared an all-cash offer of $54 a share from Columbia Sussex superior to a cash-and-stock bid from a rival gambling company. The offer from Columbia Entertainment, the gambling affiliate of Columbia Sussex...

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• President Casinos, Inc. Notified That Columbia Sussex Has Withdrawn Its Missouri Gaming Application from Consideration

  - 2005-10-25

  ST. LOUIS -- President Casinos, Inc. (OTC:PREZQ.OB) today announced that Columbia Sussex, Inc. has notified President that Sussex has withdrawn its application for licensure with the Missouri Gaming Commission. In its notification, Sussex cited its belief that any further efforts to obtain its license would be futile. As a result,...

  Tags: President Casinos Inc., Columbia Sussex Corp.

• Columbia Sussex Corporation Acquires 14 Full-Service Hotels from Wyndham International, Inc. for $1.4 Billion

  - 2005-10-06

  FORT MITCHELL, Ky. -- Columbia Sussex Corporation announced today that it has completed the acquisition of 14 full-service hotels from Wyndham International, Inc, an affiliate of The Blackstone Group, for $1.4 billion. The hotels acquired by Columbia Sussex contain over 5,800 rooms and are located primarily in large urban markets,...

  Tags: Blackstone Group LP, Columbia Sussex Corp.

• Caesars Completes Sale of Caesars Tahoe to Columbia Sussex Corporation

  - 2005-06-10

  LAS VEGAS -- Caesars Entertainment Inc. (NYSE: CZR) today announced that it has completed the sale of its Caesars Tahoe casino resort to an affiliate of Columbia Sussex Corporation, a hotel, resort and casino operator based in Fort Mitchell, Kentucky, for approximately $45 million. "This acquisition represents a great...

  Tags: Columbia Sussex Corp.

• Caesars Completes Sale of Bally's New Orleans to Columbia Sussex Corporation

  - 2005-06-07

  LAS VEGAS -- Caesars Entertainment Inc. (NYSE: CZR) today announced that it has completed the sale of Bally's Casino New Orleans to an affiliate of Columbia Sussex Corporation, a hotel, resort and casino operator based in Fort Mitchell, Kentucky, for approximately $24 million. The closing of the sale followed...

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• Caesars Entertainment Agrees to Sell Caesars Tahoe to Columbia Sussex Corporation

  - 2004-11-20

  LAS VEGAS -- Caesars Entertainment Inc., (NYSE: CZR) today announced that it has entered into a definitive agreement to sell its Caesars Tahoe casino resort to an affiliate of Columbia Sussex Corporation, a hotel, resort and casino operator based in Fort Mitchell, Kentucky, for approximately $45 million. The purchase...

  Tags: Caesars Entertainment, Columbia Sussex Corp.

• Caesars Agrees to Sell Bally's Casino New Orleans to Columbia Sussex Corporation

  - 2004-10-22

  LAS VEGAS -- Caesars Entertainment Inc., (NYSE: CZR) today announced that it has entered into a definitive agreement to sell Bally's Casino New Orleans to an affiliate of Columbia Sussex Corporation, a hotel, resort and casino operator based in Fort Mitchell, Kentucky, for approximately $24 million. The transaction is expected...

  Tags: Columbia Sussex Corp.

• Columbia Sussex's deal for President Casino gets court approval in Missouri.

  - 2004-10-14

  By Christopher Carey, St. Louis Post-Dispatch Knight Ridder/Tribune Business News Oct. 14--A bankruptcy judge has approved the sale of the President Casino on the Admiral to Columbia Sussex Corp., which plans to put a new casino and entertainment venue on the Laclede's...

  Tags: Columbia Sussex Corp.