Government of Singapore Investment Corp. (GIC) has reached a settlement with MSR Resorts, a hotel group owned by hedge fund Paulson & Co. Under the settlement, which was approved by a US bankruptcy court judge on Tuesday, GIC will cease its near-term pursuit of MSR in return for financial compensation, Reuters reported.
GIC, another of MSR's creditors, made an offer for the hotel group just days after it filed for bankruptcy. The sovereign wealth fund took action because it was unhappy with Paulson & Co's request for...
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