Resorts International shareholders approved Merv Griffin’s purchase...
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Resorts International shareholders approved Merv Griffin’s purchase of the firm, which operates casinos in New Jersey and the Bahamas. Meanwhile, however, the New Jersey Casino Control Commission voted against letting the Los Angeles producer put his Griffin Co. under a trust that would operate Resorts while Griffin seeks a casino license. Despite the potential roadblock, Griffin said he still expected the purchase to go through. He has agreed to pay $135 a share for Donald J. Trump’s controlling Class B stock in Resorts and $36 a share for the Class A stock held by public shareholders.
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