Tweet
MGM Resorts Rises as Kerkorkian Files to Boost Stake
Bloomberg
Mar 14, 2013
By Niamh Ring
MGM Resorts International (MGM) rose after Kirk Kerkorian's Tracinda
Corp. said it may boost its stake in the casino operator by more than
a third to as much as 25 percent.
Tracinda, which currently owns 18.6 percent of MGM, made the
disclosure with the Federal Trade Commission to comply with antitrust
regulations, according to a securities filing yesterday.
=80=9CNo decision has been made as to the number of shares which may
be acquired,' investment company Tracinda said. MGM advanced 6.8
percent to $13.25 at the close in New York, for the biggest gain since
Dec. 6. The shares have gained 14 percent this year.
To contact the reporter on this story: Niamh Ring in New York at
[email protected]
To contact the editor responsible for this story: Kevin Miller at
[email protected]
Bloomberg
Mar 14, 2013
By Niamh Ring
MGM Resorts International (MGM) rose after Kirk Kerkorian's Tracinda
Corp. said it may boost its stake in the casino operator by more than
a third to as much as 25 percent.
Tracinda, which currently owns 18.6 percent of MGM, made the
disclosure with the Federal Trade Commission to comply with antitrust
regulations, according to a securities filing yesterday.
=80=9CNo decision has been made as to the number of shares which may
be acquired,' investment company Tracinda said. MGM advanced 6.8
percent to $13.25 at the close in New York, for the biggest gain since
Dec. 6. The shares have gained 14 percent this year.
To contact the reporter on this story: Niamh Ring in New York at
[email protected]
To contact the editor responsible for this story: Kevin Miller at
[email protected]