Some question whether bid for Trump Entertainment will go through

08/5/2009 | Wall Street Journal, The

Donald Trump's recent $100 million bid to regain control of Trump Entertainment Resorts in Atlantic City, N.J., needs to receive approval from a bankruptcy court judge first. But bondholders hold about $1.25 billion in second-lien debt, and the sale of Trump Entertainment Resorts to Trump and Beal Bank would likely wipe that out, leaving some skeptical as to whether the deal will pan out.

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