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Cowboy200009

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Cowboy200009

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Friday, 11/20/2009 8:53:11 AM

Friday, November 20, 2009 8:53:11 AM

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Trump, bondholders reach deal over 3 NJ casinos.

ATLANTIC CITY, N.J. - ATLANTIC CITY, N.J. (AP) — Donald Trump ended his war with bondholders of the casino company that bears his name, settling Tuesday for 10 percent of Trump Entertainment Resorts once it emerges from bankruptcy.

Donald Trump
"I have always felt a tremendous responsibility to New Jersey, and especially to Atlantic City," Trump said. "Therefore, I am motivated to give the properties the best chance to succeed on a reorganized basis. Had circumstances not changed, I would have aggressively continued to pursue the debtors' plan with the objective of acquiring control of and revitalizing a company that I have not run for many years."

http://www.newsday.com/business/trump-bondholders-reach-deal-over-3-nj-casinos-1.1597233
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