Trump Entertainment forms strategic committee to further evaluate options, possible sale of company

By Lisa Kerner

Charlotte, N.C., May 17 - Trump Entertainment Resorts, Inc.'s board of directors created a strategic committee to evaluate the company's strategic options with the assistance of Merrill Lynch and legal advisers Kirkland & Ellis LLP.

The strategic committee has received preliminary and conditional proposals from parties interested in acquiring the company, according to a company news release.

Trump Entertainment announced on March 12 that it would evaluate options including capital structure, financing and value-creation alternatives.

The Atlantic City, N.J., gaming company is separate and distinct from Donald J. Trump's real estate and other holdings.

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