The Bahamas-based company, Kerzner International, might go private in the near future. The news regarding this issue have provoked a significant jump in the shares of Kerzner. It is reported that a buyout of 3.6 billion dollars will take Kerzner International private. Father and son, who are Chairman and Chief Executive of the company respectively, have led the operation. Sol and Butch Kerzner and investor groups like Providence Equity Partners and Colony Capital have approved the acquisition. Kerzner said that they expect the operation to be finished by the middle of 2006.

Kerzner shares increased its value as high as 79,50 dollars, that is a 11 % increase. The deal values Kerzner (KZL) reached the sum of 76 dollars a share in cash, and although there is presumably 599 million dollar debt, its increase on Friday represented an 8 % premium to that day%u2019s stock closing price.