Re: LVS to sell AVID
Quote:
Originally Posted by BScout
Avid is publicly traded.
LVS does not "own" it. It had an investment in it. It has already sold its investment portfolio that held Avid stock.
Ergo...they have nothing to do with the current board looking for buyers.
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Understood. I can't find the amount of stake in the company LVS has, but it must be significant to warrant a press release.
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