NEW GAMING GIANT: Boyd, Coast set up merger - 2004-02-09
Boyd Gaming Corp. and Coast Casinos are supposed to announce today a $1.3 billion merger that will create the biggest locals casino company in Nevada and one of the most diversified gaming firms nationwide.
Under the terms of the merger agreement, reached late Friday and unanimously approved by the boards of each company over the weekend, Coast will become a wholly-owned subsidiary of Boyd Gaming, sources close to the deal said Sunday. The Coast subsidiary will continue to be headed by Michael Gaughan, who now owns the company, sources said.
Read the full story at Las Vegas Review-Journal