Munger, Tolles & Olson represented the Co-Executors of the Estate of Craig H. Neilsen (the “Neilsen Estate”) in a stock purchase agreement worth $457 million with Ameristar Casinos, Inc.

In a deal announced February 28, 2011, Ameristar will purchase more than 26 million shares of its common stock held by the Neilsen Estate at a price of $17.50 per share, for a total price of $457,625,000. The shares to be repurchased represent approximately 45 percent of Ameristar’s outstanding shares and 83 percent of the Neilsen Estate’s current ownership in Ameristar. 

MTO attorneys Robert B. Knauss and William E. Cano worked on the matter.