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Diamond Resorts Successfully Completes Tender Offer for Sunterra Common Shares.


LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States.  -- Diamond Resorts, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 today announced that its affiliate's $16.00 per share tender offer for all outstanding shares of Sunterra Corporation Started in 1998, Sunterra Corporation (Pink Sheets: SNRR) is in the US$10billion holiday ownership and timeshare industry.

Sunterra has a global turnover in excess of US$300m. External links
  • Official website
  • Better Business Bureau profile
 (Pink Sheets: SNRR SNRR Sacramento Northern Railroad
SNRR Serial Number Reporting Requirement
) common stock was successful.

Based on the count by Mellon Investor Services LLC, the depositary DEPOSITARY, contracts. He with whom a deposit is confided or made.
     2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470.
 for the Offer, as of the expiration of the Offer at 5:00 p.m., New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 Time, on April 25, 2007, 18,017,861 shares of common stock, including 17,700,530 shares that were tendered and delivered in the Offer (the "Delivered Shares") and 317,331 shares that were tendered through notice of guaranteed delivery (the "Guaranteed Delivery Shares"), were tendered in the Offer and not withdrawn. Diamond Resorts' affiliate, DRS DRS Drives (street suffix)
DRS Dispute Resolution Service
DRS Doctorandus
DRS Department of Rehabilitative Services
DRS Direct Registration System (securities)
DRS Department of Rehabilitation Services
 Acquisition Corp., will promptly purchase and make payment with respect to all 17,700,530 Delivered Shares, or, as of the expiration of the Offer, 87.9% of Sunterra Corporation's outstanding common stock. All Guaranteed Delivery Shares validly delivered in the Offer pursuant to guaranteed delivery will be purchased promptly after the expiration of the guaranteed delivery period.

Any questions regarding the Offer should be directed to Georgeson, Inc., the information agent for the Offer, at (212) 440-9800. All others can call toll free at (800) 849-5324.

About Diamond Resorts, LLC

Diamond Resorts has over 25 years of experience in the successful development, management, marketing and sales of vacation ownership properties and has been a consistent leader in the vacation ownership industry. Diamond Resorts' premier properties include Polo Towers, the first purpose built, high-rise vacation ownership property in the industry. Diamond Resorts most recently spearheaded the design of Marriott's Grand Chateau vacation ownership resort. The Diamond Resorts properties include some of the first vacation ownership properties in Las Vegas, such as the Jockey Club and The Carriage House, as well as Kona Reef in Hawaii. For more information, please visit www.diamondresorts.com.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 26, 2007
Words:308
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