Entering text into the input field will update the search result below

Tropicana Entertainment sold off in separate deals

Apr. 16, 2018 7:09 AM ETIcahn Enterprises L.P. (IEP) StockBy: Clark Schultz, SA News Editor12 Comments
  • Icahn Enterprises (NASDAQ:IEP) announces that its Tropicana Entertainment (OTCQB:TPCA) subsidiary struck a deal to sell Tropicana’s real estate to Gaming and Leisure Propertie. (GLPI) and to merge its gaming and hotel operations into Eldorado Resorts (ERI) for an aggregate consideration of ~$1.85B.
  • The transaction does not include Tropicana’s Aruba assets. The aggregate consideration of approximately $1.85B will be increased by the amount of the proceeds received in connection with the Aruba disposition after closing and will be further adjusted to pay corporate level taxes.
  • The transaction is expected to close in the second half of this year.
  • Source: Press Release

Recommended For You

About IEP Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
IEP--
Icahn Enterprises L.P.