BRIEF-People Incorporated Proposes To Acquire MGM Resorts International For $48.30 Per Share In Cash

Mgm Resorts International
IAC

Mgm Resorts International

MGM

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IAC

IAC

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June 1 (Reuters) - People Inc IAC.O:

  • PEOPLE INCORPORATED PROPOSES TO ACQUIRE MGM RESORTS INTERNATIONAL FOR $48.30 PER SHARE IN CASH

  • PEOPLE INCORPORATED: EXPECTS TO FUND ANY TRANSACTION WITH A COMBINATION OF EXISTING CASH ON HAND

  • PEOPLE: EXPECTS THAT IT WILL OWN JUST OVER 50.1% OF EQUITY OF COMPANY

  • PEOPLE: EXPECT MGM'S CURRENT MANAGEMENT TEAM WOULD CONTINUE TO LEAD BUSINESS

Source text: ID:nPn2kFGpWa

Further company coverage: IAC.O


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