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Esplanade Capital Urges Board Of Archon Corporation To Consider Its Offer To Acquire The Company

Offer is 61.6% Premium to Average Closing Price in Trading Days Leading up to Offer

BOSTON-Esplanade Capital LLC, the second largest outside shareholder (based on Bloomberg data) of Archon Corporation (OTC: ARHN), has made an offer to acquire all outstanding shares of Archon Corporation at a price of $17.50 per share in a negotiated transaction, subject to confirmatory due diligence.