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Boston hedge fund Esplanade Capital boosts offer for Nevada casino operator

BizJournal – Unwilling to back down in its drive to buy Archon Corp., Boston hedge fund Esplanade Capital LLC has upped its offer to $111 million.

The $19.25-a-share offer tops Esplanade’s June offer of $18.50 a share for the Nevada-based casino operator and owner of the former Sovereign Bank building on Morrissey Boulevard in Dorchester.

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