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Trump Hotels Casino Resorts Inc

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BUSINESS
February 9, 2005 | From Associated Press
Denouncing Trump Hotels & Casino Resorts Inc.'s bankruptcy reorganization plan as "a basket of goodies" for Donald Trump, a group of common stockholders wants to file an alternative with fewer perks for the casino mogul and more value for stakeholders. In a court filing, the Official Committee of Equity Security Holders asked a judge to terminate Trump Hotels' exclusive right to reorganize its affairs, saying the Chapter 11 plan reeks of inside deals benefiting Trump, his bankers and others.
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BUSINESS
February 9, 2005 | From Associated Press
Denouncing Trump Hotels & Casino Resorts Inc.'s bankruptcy reorganization plan as "a basket of goodies" for Donald Trump, a group of common stockholders wants to file an alternative with fewer perks for the casino mogul and more value for stakeholders. In a court filing, the Official Committee of Equity Security Holders asked a judge to terminate Trump Hotels' exclusive right to reorganize its affairs, saying the Chapter 11 plan reeks of inside deals benefiting Trump, his bankers and others.
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BUSINESS
August 10, 2004 | From Bloomberg News
Donald Trump's Trump Hotels & Casino Resorts Inc. said it would enter Chapter 11 bankruptcy protection by the end of September to trim its debt by about $544 million as part of an agreement with bondholders. Chairman Donald Trump and Credit Suisse First Boston will jointly invest $400 million in the company under the plan, which some bondholders have agreed to. As part of the agreement, Trump would own about 25% of Trump Hotels & Casino Resorts, the company said.
BUSINESS
December 24, 2004 | From Times Wire Services
Trump Hotels & Casino Resorts Inc. said in a regulatory filing Thursday that it had arranged $500 million in financing for when it emerges from Chapter 11 bankruptcy. The news comes one day after a shareholder filed a lawsuit against billionaire Donald Trump and four other directors over the company's proposed plan to exit bankruptcy, saying it unfairly favors him as majority holder.
BUSINESS
January 9, 1996 | Times Staff and Wire Reports
Wells Fargo & Co. said shareholders of record as of Jan. 15 will be eligible to vote on its proposed $10.7-billion hostile takeover of First Interstate Bancorp. No date has been set for a shareholders meeting. . . . The Treasury Department auction of $28.0 billion in three-month and six-month bills was postponed Monday because of the blizzard and was rescheduled for today. . . . Donald Trump's publicly traded Trump Hotels & Casino Resorts Inc.
BUSINESS
December 24, 2004 | From Times Wire Services
Trump Hotels & Casino Resorts Inc. said in a regulatory filing Thursday that it had arranged $500 million in financing for when it emerges from Chapter 11 bankruptcy. The news comes one day after a shareholder filed a lawsuit against billionaire Donald Trump and four other directors over the company's proposed plan to exit bankruptcy, saying it unfairly favors him as majority holder.
BUSINESS
October 22, 2004 | From Reuters
Trump Hotels & Casino Resorts Inc., which has been on the brink of bankruptcy, said a majority of bondholders had approved a debt restructuring plan that would allow Donald Trump to remain the company's chairman and chief executive. The plan calls for Trump Hotels to file a prenegotiated Chapter 11 bankruptcy plan to gain court and creditor approval for the deal, which involves bondholders swapping some $1.8 billion in existing debt for new debt and equity.
BUSINESS
July 4, 1996 | From Times Staff and Wire Reports
Governor OKs $330-Million Atlantic City Plan: New Jersey Gov. Christine Todd Whitman approved the broad roadway improvement and construction project designed to benefit every casino in one of the nation's biggest gambling meccas. The package includes a new road connecting the Atlantic City Expressway to the Marina district north of the boardwalk, which was sought by Mirage Resorts Inc.
BUSINESS
April 13, 2005 | From Bloomberg News
Donald Trump's Trump Hotels & Casino Resorts Inc. got a $500-million loan that will allow the company to exit bankruptcy protection, Trump Hotels President Scott Butera said. The loan from Morgan Stanley and UBS will include a $200- million five-year revolving credit line, a $150-million seven-year term loan and a $150-million "delayed draw" loan that the company has a year to decide whether to use, Butera said.
BUSINESS
June 1, 1998 | Bloomberg News
Donald Trump and Conseco Inc., a Carmel, Ind.-based insurer, have bought the General Motors Building in midtown Manhattan. The 50-story landmark, on 5th Avenue across from Central Park between 58th and 59th streets, was sold for $800 million, according to a lawyer who participated in the negotiations. The GM Building was owned for the past 10 years by Corporate Property Investors, a real-estate investment trust that also owns dozens of shopping malls around the U.S.
BUSINESS
August 10, 2004 | From Bloomberg News
Donald Trump's Trump Hotels & Casino Resorts Inc. said it would enter Chapter 11 bankruptcy protection by the end of September to trim its debt by about $544 million as part of an agreement with bondholders. Chairman Donald Trump and Credit Suisse First Boston will jointly invest $400 million in the company under the plan, which some bondholders have agreed to. As part of the agreement, Trump would own about 25% of Trump Hotels & Casino Resorts, the company said.
BUSINESS
January 9, 1996 | Times Staff and Wire Reports
Wells Fargo & Co. said shareholders of record as of Jan. 15 will be eligible to vote on its proposed $10.7-billion hostile takeover of First Interstate Bancorp. No date has been set for a shareholders meeting. . . . The Treasury Department auction of $28.0 billion in three-month and six-month bills was postponed Monday because of the blizzard and was rescheduled for today. . . . Donald Trump's publicly traded Trump Hotels & Casino Resorts Inc.
BUSINESS
February 7, 1998 | From Associated Press
Donald J. Trump, the real estate developer who has a sizable stake in three Atlantic City, N.J., casinos, says he may cash in his chips on the gambling houses--for the right price. Trump on Friday confirmed that two investment banks have been hired to seek bids for Trump Hotels & Casino Resorts Inc., the public company that controls his casino holdings. Trump owns nearly 40% of the company's stock. "The company is doing very well, and I think we can get a good price," Trump said.
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