THE M3: GALAXY MACAU BLOCK SELL

04/24/12 08:14AM EDT

The Macau Metro Monitor, April 24, 2012

GALAXY MACAU SHAREHOLDER SELLS $141 MM STAKE Reuters

An undisclosed institutional investor in Galaxy Macau sold about $141 million stake in the company.  A block of 50 million shares was sold at HK$21.80, a discount of nearly 4% to Galaxy's last traded price, the source said.  The shares were offered in a range of HK$21.70-21.90 each.

Citigroup and Goldman Sachs were the joint book runner, said the source.

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.