WeissLaw LLP Investigates Ameristar Casinos Inc. Acquisition

  WeissLaw LLP Investigates Ameristar Casinos Inc. Acquisition

Business Wire

NEW YORK -- February 4, 2013

WeissLaw LLP, a national class action and shareholder rights law firm with
offices in New York City and Los Angeles, is investigating possible breaches
of fiduciary duty and other violations of law by the Board of Directors of
Ameristar Casinos Inc. (“Ameristar” or the “Company”) (NASDAQ: ASCA) arising
from its agreement for Ameristar to be acquired by Pinnacle Entertainment Inc.
(“Pinnacle”) in a transaction valued at approximately $900 million. Under the
terms of the proposed transaction Ameristar shareholders will receive $26.50
in cash for each Ameristar share they own.

WeissLaw LLP is investigating whether Ameristar’s Board acted in the best
interests of its public shareholders by actively shopping the Company to
maximize shareholder value for Ameristar’s public shareholders, prior to
entering into the proposed transaction with Pinnacle. Ameristar stock traded
at $27.07 as recently as January 17, 2013. Notably, prior to the announcement
of the deal, several analysts set the price target for the stock significantly
above the price offered by Pinnacle under the merger agreement, with a high
target of $31.00.

If you own Ameristar shares and would like more information about your rights
as a shareholder or additional information concerning our investigation,
please contact Kelly C. Keenan either by telephone at (888) 593-4771 or by
email at info@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have recovered
over a billion dollars for defrauded institutions and individuals and obtained
important corporate governance in these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or issuing
materially misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business practices), or
anti-trust violations, please email us at info@weisslawllp.com or fill out the
form on our website, http://www.weisslawllp.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:

WeissLaw LLP
Kelly C. Keenan
1500 Broadway, 16^th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
info@weisslawllp.com
 
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