MGM Resorts Shares Rise Amid Report of Potential $18 Billion Buyout Offer
Shares of MGM Resorts International surged after a report suggested Barry Diller’s People Inc. is considering an all-cash buyout offer valued at approximately $18 billion, representing a premium to the recent share price. The potential acquisition could see People Inc., already a major shareholder with a 26.1% stake and two board seats, acquire the remaining shares of MGM Resorts.
Tickers: $MGM
Topics: Corporate Ownership Mergers & Acquisitions Stock Market Reaction