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Non-Tech : Grand Casinos-GND -- Ignore unavailable to you. Want to Upgrade?

To: Michael L who wrote (341)	4/8/1998 10:58:00 PM
From: Gary S. Friedman	Read Replies (1) \| Respond to of 380

lasvegassun.com CLICK ABOVE TO HYPERLINK TO NEWSPAPER ARTICLE. Las Vegas SUN: Hilton, Grand Casinos still talking Grand has about $500 million in debt. At this morning's trading price of about $18 a share, the company's current equity valuation is about $781 million, giving it a total enterprise value of about $1.3 billion. That gives the company a multiple of about 8.3 times this year's anticipated non-Indian casino cash flow. As of last Dec. 31, Grand had about $240 million in cash. Grand has delayed moving its headquarters from Minnesota to Mississippi pending the outcome of the merger talks.