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Friday, November 14, 2008

Wynn Resorts secondary offering

from yesterday's Forbes (11/13):

Wynn Spins Secondary Offering

Miriam Marcus, 11.13.08, 8:20 PM ET

"Hotel and casino operator Wynn Resorts is minting new chips in the form of a secondary offering that could raise more than $200 million of new capital.

Wynn Resorts announced its offer to sell 5.0 million shares of common stock, or 4.8% of current shares outstanding, after the closing bell on Thursday, according to TradeTheNews.com, and said the sale is in conjunction with its inclusion in the Standard & Poor's 500 Index earlier this week." ...

for the complete story

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