Ironically, Trump regained control of the company the same way he lost it four years ago - through bankruptcy. Trump's bid topped a competing bid backed by bondholders, whose refusal to deal with Trump in February led him to resign as chairman of the company and launch a drive to regain power. The deal still must be approved by a bankruptcy judge. The Trumps and an affiliate of Beal Bank Nevada will take the company private. Trump Entertainment Resorts chose Donald Trump's $100 million cash offer late Monday night. ATLANTIC CITY, New Jersey - Real estate mogul Donald Trump, his daughter Ivanka, and Dallas-based Beal Bank successfully fought off competition from bondholders in bankruptcy court to purchase the Atlantic City casino company he once ran and that has always borne his name.
