Fertitta Colony Partners

Neighborhood casino operator Station Casinos Inc. said Monday that it had agreed to be acquired by a private equity group that includes key members of its founding family for about $5.4 billion. The group known as Fertitta Colony Partners offered $90 a share for the Las Vegas-based company, an 8% premium over its closing price of $83.30 a share Friday. The group sweetened an earlier bid of $82 a share made Dec. 4.

Neighborhood casino operator Station Casinos Inc. said Monday that it had agreed to be acquired by a private equity group that includes key members of its founding family for about $5.4 billion. The group known as Fertitta Colony Partners offered $90 a share for the Las Vegas-based company, an 8% premium over its closing price of $83.30 a share Friday. The group sweetened an earlier bid of $82 a share made Dec. 4.