Trump casinos stock to be delisted from NASDAQ
Fallout from a third Chapter 11 filing continues for Trump Entertainment Resorts.
By Agencies |
ATLANTIC CITY: Fallout from a third Chapter 11 filing continues for Trump Entertainment Resorts.
The company learned on Friday that its stock shares will be delisted from the NASDAQ exchange starting next Thursday.
The company, which owns three Atlantic City casinos, does not plan to challenge the action.
The three casinos once run by Donald Trump are now in bankruptcy court for a third time, and the company's stock has plummeted to less than 14 cents a share, down from a 52-week high of $4.39.
Trump resigned as chairman of the company last Friday after bond holders who hold an edge on the board of directors rebuffed his offer to buy the company and take it private.
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