The Detroit Free Press reports that Greektown Superholdings, Inc., the owners of Detroit’s Greektown Casino, announced this morning that they are moving closer to a deal to sell all remaining shares to Quicken Loans founder Dan Gilbert.
According to the Free Press report, under the terms of the agreement, Gilbert's casino business, Rock Gaming, could buy out all remaining Greektown shareholders at a price of $90 a share, and those who chose not to sell to Gilbert would be looked after by an independent director on the Greektown board with certain veto rights.
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