Trump Entertainment board unlikely to pursue current proposals linked to sale of company

By Jennifer Chiou

New York, July 2 - Trump Entertainment Resorts, Inc.'s board of directors said it concluded that none of the indications of interest received to date for the acquisition of the company was likely to lead to a transaction that was in the best interests of the company and its shareholders.

On May 17, the company created a strategic committee to evaluate the company's strategic options with the assistance of Merrill Lynch and legal advisers Kirkland & Ellis LLP.

The company said it will continue to review other strategic corporate options.

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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