MGM Forms Special Committee to Weigh Diller’s $18 Billion Takeover Bid
6 Articles
6 Articles
MGM Resorts International is in negotiations on a proposed acquisition made by People Inc., a media and internet conglomerate of billionaire Barry Diller previously known as IAC, according to information from the Wall Street Journal (WSJ). Exclusive material for subscribers. To have full access, access the link of the material and register.
MGM Resorts Stocks on Rise After Latest Barry Diller Takeover Talks Report
MGM Resorts stock has risen in pre-market trading after a news report on Friday suggested the casino operator remains locked in takeover talks with the media billionaire Barry Diller.Diller, the People Inc CEO and Fox Broadcasting Company founder, tabled an $18 billion bid to boost his firm’s holdings in MGM Resorts to 51% in early June. Unnamed sources close to the negotiations told the Wall Street Journal last week that talks between the parti…
MGM forms special committee to weigh Diller’s $18 billion takeover bid
MGM Resorts International has formed a special committee to evaluate a takeover bid from Barry Diller’s People Inc. and has engaged advisors to examine the proposal, The Wall Street Journal reported Friday, citing unidentified sources close to the matter. The report sent MGM shares higher in after-hours trading, settling at $48.40, just above the $48.30 per share Diller offered when he unveiled the $18 billion bid on June 1. That original offer …
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