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October 08, 1987

The Golden Nugget said it accepted 10,389,906 or nearly 30% of its common shares from public stockholders under its $13.25-a-share tender offer. The Las Vegas gambling company had first offered to buy back up to 10 million or 28% of its shares but later increased that to 15 million or 43%. The number of Golden Nugget's outstanding shares will be reduced to about 24.8 million.

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