This is the same mob that sacrificed a $7 million dividend payment arguing it needed the money as a contingency for McP.
And here they are throwing almost a billion dollars at Tropicana, paying twice the amount it was rumored to fetch.
The audacity of this mob is frightening.
Tropicana will work out simply because the POG is going much higher, not because of any strategic managerial advantage.
Wonder how much they'll cut off of the next dividend, since they'll be needing that for McP (allegedly).
Ann: Binding Offer for 30% in Tropicana and $650m Capital Raising, page-6
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$2.65 |
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