Sands Could Sell to Vegas-based Firm for $148 million
As reported by the Reno Gazette Journal: "A Las Vegas 'bad guy' is taking
over The Sands Regent in Reno, but casino officials say it's a good thing.
"Las Vegas-based Herbst Gaming Inc. announced Wednesday a $148 million deal
to buy Sands, pending approval from shareholders who will get $15 per share.
"Herbst is known for its trademark 'bad guy' cowboy logo, Terrible's casinos
and statewide route that services slots in small businesses. It is not
publicly traded like Sands, but does have publicly traded debt. "...The deal
is being called a merger, where a subsidiary of Herbst will merge with the
Sands, making Sands a wholly owned subsidiary of Herbst..."
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