Macau Sands Chairman cashing in!

Written on July 23, 2006 by admin

In March, 2006, Las Vegas Sands’ (LVS) Chairman Sheldon Adelson took a big pile of chips off the table. Using a secondary stock offering, he sold 55 million shares of the company for $50.25 each, reducing his stake in the hotel and casino group to just under 71%, from 84%. Investors, however, seem unfazed, as share prices have since climbed, closing at $69.60 on July 19.Full article here Sands Macau

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