Vol. 8 No. 5, May 2009, Nutshell
Wynn Resort Sold 1.44 Million Shares
Wynn Resorts announced last month it had sold 1.44 million shares at $19 a share. While no plans were announced for the additional capital, some observers speculated that the company may be seeking to refinance some debt or even position itself to re-acquire the Bellagio in the wake of MGM Mirage’s financial difficulties.
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