Esplanade Capital made an offer to acquire remaining stake of Archon Corp. (OTCPK:ARHN) from Paul Lowden, his wife Sue Lowden and other shareholders on March 28, 2013. Esplanade Capital offered to pay $17.50 per share. The deal is subject to confirmatory due diligence. As on June 4, 2013, Esplanade Capital raised the offer per share from $17.5 per share to $18.5 per share. As of January 16, 2014, Esplanade Capital raised the offer per share from $18.5 per share to $19.25 per share. As per the announcement on August 27, 2014, Esplanade Capital raised the offer per share from $19.25 per share to $21.65 per share. As of January 17, 2014, the Lowden's are not interested in selling their stakes.

Esplanade Capital cancelled the acquisition of remaining stake of Archon Corp. (OTCPK:ARHN) from Paul Lowden, his wife Sue Lowden and other shareholders on July 17, 2014.