“A series of changes, including regulatory reforms, since the global financial crisis have likely altered financial institutions’ incentives to provide liquidity,” the Federal Reserve Board said.
As Caesars’ biggest division emerges from bankruptcy protection, a number of potential investors have expressed interest in building resorts flying the company’s flags.
The $23.05-a-share offer, which consists of $19.05 a share plus a $4.00 special dividend to be paid prior to the the deal’s completion, is about 13 percent more than Parkway’s closing price on June 29.
The government plans to sell the property, which is valued at more than $500 million, and distribute much of the proceeds to victims of Iran-sponsored terrorist attacks.
