Firm offers share sale program

Wednesday, May 28, 2003 | 9:32 a.m.

Aztar Corp., the owner of the Tropicana resort in Las Vegas, has begun an "odd lot" purchase program in which shareholders owning fewer than 100 shares of common stock may sell all of their shares to the company.

Each participating shareholder will receive a price per share equal to the average of the daily closing prices of Aztar stock during the week in which that shareholder's response is received and processed. Shareholders will pay a nominal fee to participate in the program, the Phoenix-based company said.

The program, which expires June 27, is expected to reduce Aztar's annual shareholder servicing costs, it said.

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