TITLE

LV Sands unveils recapitalization plan

AUTHOR(S)
Stutz, Howard
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/17/2008, Vol. 25 Issue 46, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the $2.14 billion capitalization plan of Las Vegas Sands Corp. Accordingly, a $525 million investment will be received by the company from the family of chairman and chief executive officer (CEO) Sheldon Adelson in addition to selling $1.62 billion in additional shares to avoid defaulting on several loans. However, it is said that there is conflict between Adelson and members of the senior management team.
ACCESSION #
35377811

 

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