|
|
Article: MGM Mirage's board approves $4.8 billion cash offer
- Article from:
- AP Worldstream
- Article date:
- June 16, 2004
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
ADAM GOLDMAN, Associated Press Writer
AP Worldstream
06-16-2004
Dateline: LAS VEGAS
MGM Mirage Inc.'s board has approved a $4.8 billion cash offer for it to buy Mandalay Resort Group in a deal that would create the industry's dominant casino operator.
MGM Mirage's offer is contingent upon it being accepted by Mandalay, according to a source familiar with the lengthy closed-door MGM Mirage board meeting Tuesday.
Mandalay's board also was considering the buyout offer in a meeting that was expected to run late Tuesday night.
The deal would pay Mandalay $71 per share. The agreement also includes the assumption of $2.5 billion in Mandalay debt and $600 million in bonds that can be exchanged for ...
Related newspaper, magazine, and journal articles:
|
|
Article: Ailing MGM Mirage to grow brands abroad as hotel ...
The Toronto Star (Toronto, Ontario);
August 31, 2009 ;
700+ words
... ... OSKAR GARCIA LAS VEGAS -- Struggling ... ability to borrow, MGM Mirage hopes to keep expanding ... CityCenter project MGM Mirage is building in Las Vegas, which it plans ... Hotel and Casino in Las Vegas. Resort operator MGM Mirage plans to ...
|
|