Trump Entertainment Resorts has backed a plan to let bondholders buy the company's three Atlantic City casinos out of bankruptcy and give Donald Trump a minority share.
But after weeks of talks, the bondholders and Trump still could not reach an agreement with Dallas-based Beal Bank. The bank will file a competing plan Friday laying out its own effort to obtain the company by converting its $486 million loan to the casinos into equity in the company.
Trump Entertainment CEO Mark Juliano says both sides will continue to talk and said he is optimistic a deal can be reached to eliminate the need for a judge to choose between the plans.
The Trump-bondholder plan would pay $225 million for the company, with Donald Trump getting 10 percent.
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