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Icahn, Kerkorian in Vegas showdown

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  • Icahn, Kerkorian in Vegas showdown

    Icahn, Kerkorian in Vegas showdown
    Posted by Gwen Robinson on Apr 17

    Two of the best-known US investors are preparing to face off in a
    high-stakes game that could reshape the face of Las Vegas, reports
    (http://online.wsj.com/article/SB123991207 123426359.html) the WSJ.

    Activist investor Carl Icahn is pushing troubled casino operator MGM
    Mirage to restructure in bankruptcy court, a gambit which pits him
    against Kirk Kerkorian, MGM Mirage's largest owner. Icahn and private
    equity fund Oaktree separately have acquired hundreds of millions of
    dollars in MGM Mirage debt in recent months.

    Financial Times
    Alphaville
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