Barry Diller's People Inc has withdrawn its proposal to acquire MGM Resorts International and take the casino operator private, ending negotiations that had continued for several months. People Inc submitted the proposal on June 1, offering $48.30 in cash for each MGM share covered by the transaction.
Barry Diller's People Inc has withdrawn its proposal to acquire MGM Resorts International and take the casino operator private, ending negotiations that had continued for several months.
People already owns roughly 27% of the casino company, making it one of MGM's largest shareholders.
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Barry Diller's People Inc has withdrawn its proposal to acquire MGM Resorts International and take the casino operator private, ending negotiations that had continued for several months. People Inc submitted the proposal on June 1, offering $48.30 in cash for each MGM share covered by the transaction. People already owns roughly 27% of the casino company, making it one of MGM's largest shareholders.
The deal valued MGM Resorts at more than $18 billion, including debt. MGM shares closed regular Wednesday […] The post People...
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