No Deal for Trump Entertainment

Shares of the hotel and casino operator skid on news the company's acquisition talks are off the table

With slim odds for a deal in the works, investors took their bets off the table on Trump Entertainment (TRMP) shares on July 2. The operator of Atlantic City casinos and other hotels said none of the interested parties would end up acquiring the company because the terms weren't in the best interests of the company and shareholders. "The previous discussions with prospective acquirers of the Company have concluded, and there are currently no ongoing discussions with the parties that submitted the indications of interest," said the company in a July 2 statement.

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