07.12.2012 - Sovereign fund's uncontested $1.5bln bid lands it MSR assets
A Singapore sovereign wealth fund has emerged as the winning bidder for MSR Resort Golf Course LLC after no competing bidders came forward to best its $1.5 billion stalking horse bid for the company’s five-resort portfolio, according to court documents filed in New York federal bankruptcy court Wednesday. No competing bids emerged before MSR’s Dec. 3 bid deadline, meaning Government of Singapore Investment Corp. (Realty) Private Ltd.’s $1.5 billion offer is now the winning bid, according to a notice filed by MSR on Wednesday...............................................Full Article: Source
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