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Steve Wynn cuts stake in Wynn Resorts to 7.8%

Mar. 22, 2018 7:42 AM ETWynn Resorts, Limited (WYNN) StockWYNNBy: Carl Surran, SA News Editor26 Comments
  • Steve Wynn, founder and former CEO of Wynn Resorts (NASDAQ:WYNN), discloses the sale of ~4.1M shares of the company's stock, bringing his stake down to 7.8% from 12%.
  • Wynn cut his stake after settling an acrimonious, six-year court fight with his ex-wife, a move that could move the company closer to becoming a takeover target.
  • Earlier: Steve Wynn could sell entire company stake, opening door to takeover (Mar. 21)

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