Carl Icahn takes ownership of Trump Entertainment Resorts, Taj Mahal

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Dates on Trump File reflect when something happens, not when it's first reported.

Notorious corporate raider Carl Icahn pulls Trump Taj Mahal out of Chapter 11 bankruptcy by purchasing Trump Entertainment Resorts and making it a subsidiary of Icahn Enterprises.

Icahn already tried saving the Taj Mahal once, in 2014, by committing $20 million in financing just before the casino was scheduled to close its doors.

While the casino remains “Trump Taj Mahal,” Donald Trump loses his 10% stake in the property.

Carl Icahn is known for buying companies and running them to the ground. Guess what happens to Trump Taj Mahal.

Source

https://njbiz.com/icahn-takes-over-trump-entertainment-resorts-which-operates-taj-mahal/

Photo: CNBC—NBCU Photo Bank via Getty Images, TIME

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If If there is content you'd like to add context to or something that should be corrected, please contact TF by clicking here or email us at trumpfile@protonmail.com. You can also find us on Twitter.

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Dates on Trump File reflect when something happens, not when it's first reported.

Notorious corporate raider Carl Icahn pulls Trump Taj Mahal out of Chapter 11 bankruptcy by purchasing Trump Entertainment Resorts and making it a subsidiary of Icahn Enterprises.

Icahn already tried saving the Taj Mahal once, in 2014, by committing $20 million in financing just before the casino was scheduled to close its doors.

While the casino remains “Trump Taj Mahal,” Donald Trump loses his 10% stake in the property.

Carl Icahn is known for buying companies and running them to the ground. Guess what happens to Trump Taj Mahal.

Source

https://njbiz.com/icahn-takes-over-trump-entertainment-resorts-which-operates-taj-mahal/

Photo: CNBC—NBCU Photo Bank via Getty Images, TIME

NOTE FROM TF

Some files are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. I plan to go back and build on every file in the future.

If there is content you'd like to add context to or something that should be corrected, please contact us by clicking here or email us at trumpfile@protonmail.com

Support The Site:

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