BIZ WATCH Feb 3, 1997

HOW TRUMP TRUMPED TRUMP

Four months ago, when Donald Trump arranged for his publicly held Trump Hotels & Casino Resorts, Inc. to buy his privately held Trump's Castle casino in Atlantic City, New Jersey, for $490 million, shareholders howled that they had been taken by the less than self-effacing subject of Trump:The Art of the Deal to the tune of some $100 million. Trump Hotels stock dropped 30% over the following weeks. More bad news rolled in when a reported $600 million deal to sell half of the Castle to the London-based Rank Organization and transform it into a Hard...

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