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Article: Las Vegas Sands announces projects; stock sale price set.

Article from:
Las Vegas Review-Journal (Las Vegas, NV)
Article date:
March 15, 2006
Copyright

Byline: Howard Stutz

Mar. 15--Las Vegas Sands Corp. on Tuesday announced the seventh and eighth hotels for the casino operator's Chinese Cotai Strip development, but the latest joint venture agreement was overshadowed by the company's secondary stock offering that could land Chairman Sheldon Adelson and his family more than $2.76 billion.

Before the stock market opened Tuesday, Las Vegas Sands announced it had set a $50.25 per share price for the 55 million shares of common stock being sold by several trusts that would benefit Adelson and the Adelson family.

The fixed price sent shares of the Las Vegas casino operator and developer down to ...

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