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Cordish silent on Trump buy-out talk10 October 2007BALTIMORE, Maryland -- As reported by the Examiner: "The Cordish Co. President David Cordish on Monday remained quiet on rumors he will purchase Trump Entertainment Resorts Inc. and its three Atlantic City casinos. "The Newark (N.J.) Star-Ledger on Friday cited three anonymous sources claiming The Cordish Co. was interested in purchasing one or more of Trump's Atlantic City casinos. A source close to the deal told The Wall Street Journal that Cordish would buy Trump Entertainment Resorts Inc. entirely. "...Any buyer of the Trump properties would assume nearly $1.5 billion in debt responsibility, Morningstar analyst Sumit Desai said. "...Desai said the debt load might have been a key obstacle in the failed buyout attempt led by former casino executive Dennis Gomes earlier this summer..." |