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Article: Wynn Resorts Announces Common Stock Offering.
- Article from:
- Business Wire
- Article date:
- May 7, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
LAS VEGAS--(BUSINESS WIRE)--May 7, 2004
Wynn Resorts, Limited (Nasdaq:WYNN) announced today that it is commencing a public offering of 7,000,000 shares of its common stock. Deutsche Bank Securities Inc. will act as sole book-running manager of the offering. In addition, J.P. Morgan Securities Inc., Banc of America Securities LLC and Bear, Stearns & Co. Inc. will act as co-managers of the offering. Wynn Resorts has granted the underwriters an option to purchase up to an additional 1,050,000 shares to cover over-allotments, if any. The sale is expected to close on Wednesday, May 12, 2004, and is subject to customary conditions.
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