Steve Schwartzman

The Distressed Asset Sweepstakes Begins

Here are a pair of encouraging signs of the thaw… From Forbes:  Carl Icahn knows a good deal when he sees one.  Following months of anticipation, the billionaire and activist investor made a $200.0 million offer to acquire the Tropicana Casino and Resort in Atlantic City on Tuesday…year-earlier bids for the struggling casino were closer to $1.0…