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Aztar Issues Notice of Settlement11 September 2006PHOENIX, Arizona – (PRESS RELEASE) -- Aztar Corporation (NYSE: AZR) today issued the following notice: SUMMARY NOTICE OF PROPOSED SETTLEMENT TO: All Persons who beneficially owned Aztar common stock at any time between February 15, 2005 and the date of the consummation of the Acquisition, or if the Acquisition is not consummated, through and including the record date for voting thereon (the "Settlement Class"). You are hereby notified that lawsuits (the "Actions") have been certified as class actions for purposes of a proposed settlement entered into among Robert Glasmann and Plumbers Local Union No. 519 Pension Trust Fund (Representative Plaintiffs), on the one hand, and Aztar Corporation ("Aztar"), Robert M. Haddock, John B. Bohle, John A. Spencer, Frank J. Brady, Gordon M. Burns, and Linda C. Faiss (collectively, the "Aztar Defendants"), on the other hand. A hearing will be held before the Honorable Robert E. Miles at the Superior Court of Arizona, Maricopa County, 125 West Washington, Phoenix, AZ 85003, at 4:00 p.m., on November 21, 2006 to determine whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate and to consider the application of Representative Plaintiffs' Counsel for attorney fees and reimbursement of litigation expenses. If you are a member of the class described above, your rights will be affected by the settlement. If you are a member of the Settlement Class and have not yet received the Notice of Proposed Settlement (the "Notice"), you may obtain copies of this document by contacting: Joe Cole, Vice President, Corporate Communications, Aztar Corporation, 2390 East Camelback Road, Suite 400, Phoenix, Arizona 85016, (602) 381-4111. If you are a member of the Settlement Class, unless you exclude yourself from the Settlement Class, you will be bound by any judgments entered in the Actions. If you desire to be excluded from the Settlement Class, you must file a request for exclusion by November 8, 2006, in the manner and form explained in the Notice. All Settlement Class Members who do not request exclusion from the Settlement Class will be bound by any judgments entered in the Actions. Any objection to the proposed Settlement or application for attorney fees and reimbursement of litigation expenses must be filed with the Court and delivered to counsel for the parties no later than November 15, 2006 in the manner and form set forth in the Notice. |