Michael’s Statement About Norlend

Two days ago, Michael confirmed the cancellation of the Norlend sale, which Fortress had previously scheduled for auction on May 14 this year. Colony Capital, a publicly traded company based in Los Angeles, settled Michael’s debt with the investment firm Fortress and canceled the auction.

In this statement, Michael said:

“I’m pleased with the progress that has been made regarding Norlend, and I’m currently in negotiations with Colony Capital and Tom Barrack (the company’s director) regarding Norlend and other future matters.”

Source: eMJey / Las Vegas Business Press / Bloomberg