Icahn Bids $200m for Tropicana Casino
| March 31st, 2009 | ||
| The Press of Atlantic City reported today that Carl Icahn is leading a group of lenders who offered $200mm to purchase Tropicana Casino and Resort in a bankruptcy auction. It is expected that other higher bids will be submitted before the auction closes. In the past, Icahn has bought out and later sold other troubled casinos for significant profits. These deals included the Sands Casino Hotel, Stratosphere Casino Hotel and Arizona Charlie's. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Icahn Associates (Carl Icahn) |
Related People: Alexander J. Denner;
Related Entities: High River Limited Partnership;
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
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