Melco Crown to raise $175M-$450M in Philippine share sale, Macau Business says Melco Crown (MPEL) is looking to raise between $175M-$450M from the sale of up to 1.2B shares in its Philippine unit, reports Macau Business, citing unidentified sources from The Philippine Star. he money from the share sale will be used to help fund the construction of the Belle Grande Manila Bay casino resort, a joint venture. Reference Link
News For MPEL From The Last 14 Days
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On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital.
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