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NOT A SUBSCRIBER?Credit Suisse, Icahn win no-show Trop AC auctionPosted on June 5, 2009 7:59 AM
Apparently no one besides billionaire Carl Icahn and a group of lenders are willing to take a gamble on New Jersey's largest casino.
According to papers filed on June 3 with the U.S. Bankruptcy Court for the District of New Jersey in Camden, bankrupt Adamar of New Jersey Inc., which owns the Tropicana Casino & Resort in Atlantic City, has been unable to find any offers to compete with its stalking-horse bidder, a group led by Credit Suisse Group that includes Icahn. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline.
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