Monday, July 2, 2007

Trump Entertainment buyout fizzles, shares plunge

(Reuters) - NEW YORK, July 2 - Casino operator Trump Entertainment Resorts Inc. said on Monday it did not reach a deal with potential acquirers and has ended discussions to sell itself, sending its shares down 14 percent.



Trump Entertainment, which runs three casinos in Atlantic City, New Jersey, and emerged from bankruptcy about two years ago, said none of the indications of interest was likely to lead to a transaction that was in the best interests of the company and its shareholders.


Read more at Reuters.com Bonds News

No comments: