MGM Resorts and IAC to Purchase 4.5 Million MGM Resorts Common Stock
LAS VEGAS—MGM Resorts International and IAC announced that they will each purchase 4.5 million shares of MGM Resorts’ common stock from Corvex Management LP at $45 per share, for a total aggregate amount of $405 million, or $202.5 million each. “Today’s announcement is a testament to the confidence we have in the long-term trajectory of our business and reflects the commitment we have to our capital allocation strategy, which includes returning cash to shareholders and […]
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