WYNN fights back in its battle with co-founder Kazuo Okada, requesting him to resign from the...

|By:, SA News Editor
WYNN fights back in its battle with co-founder Kazuo Okada, requesting him to resign from the board and forcibly buying out his 20% stake in the company for $1.9B. The price is a 30% discount to market value as the shares are restricted. The $1.9B payment will not be made for 10 years, though Mr. Okada will receive 2% annual interest over that time. (PR)