MGM Resorts Forms Special Committee for People Inc. Takeover Bid
MGM Resorts International announced the formation of a special committee to review a blockbuster takeover bid from People Inc.
People Inc.
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MGM Forms Special Committee Amid Intensifying Takeover Talks
MGM Resorts International has established a special board committee and appointed advisers to evaluate media mogul Barry Diller’s takeover proposal as negotiations with his People Inc. intensify, according to The Wall Street Journal.
People Inc. Bids $18 Billion for MGM Resorts
People Inc. has made submitted an offer worth roughly $18 billion in an attempt to take control of MGM Resorts International by acquiring the casino operator outright.
Barry Diller’s People Makes $18bn Takeover Offer for MGM Resorts
People Inc., chaired by media mogul Barry Diller, has submitted an offer to buy MGM Resorts International in a proposed deal that would value the casino giant at more than $18bn.