Trump Hires Merrill to Help Weigh Alternatives
Trump Entertainment Resorts said Monday it hired Merrill Lynch to help it weigh strategic options for financing, capital structure and other alternatives.
Trump Entertainment said there could be no assurances about the results. Its shares fell 1%.
The Star-Ledger newspaper reported on Friday that Trump Entertainment was considering refinancing or selling some or all of its Atlantic City, N.J., casinos.
The company, with a market value of about $560 million, owns three casino-hotels in Atlantic City: the Trump Taj Mahal, the Trump Plaza and the Trump Marina.
It sold its Trump Indiana unit -- which owned a riverboat casino and hotel in Gary, Ind. -- in 2005.
Donald Trump, the real estate mogul and television personality, is the company's chairman and largest shareholder.