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Holy Shit: Trump Attempts Hostile Takeover Bid of Wynn Resorts!

By Chuckmonster on Friday, 1st April 2005 3:23am
  » filed under Las Vegas  comments: 0

   

April 1, 2005 - "The" Donald Trump and Trump Casino Holdings and Resort (Stock Symbol: THCR) has begun the impossible and very well may succeed.

On the eve of the opening of Wynn Resorts' (Stock Symbol: WYNN) 2.8 Billion Dollar 'Wynn Las Vegas' mega-resort, Trump Casino Holdings and Resorts has filed petition for a Class A Leveraged Stock Buyout at 15% more than WYNN's closing price on 3/30 ($ 67.74). It is unclear if WYNN Management will swallow a 'poison pill' that will provide target shareholders (other than the hostile bidder) rights to purchase additional shares or to sell shares back to WYNN for very lucrative terms.

When reached for comment WYNN Chairman Steve Wynn said "This is MY hotel, its got my goddamn name on friggin' toilet paper for Christ sakes!"


[ Holy Shit! - Ed ]



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