Tuesday, December 05, 2006
Tracinda makes MGM cash offer
Tracinda Corp said that it had begun processing a previously announced cash tender offer of $55 per share for up to 15 million shares of MGM Mirage. If the offer is fully completed billionaire Kirk Kerkorian, owner of the Tracinda investment company, would up his stake in MGM from 56 per cent to 61.1 per cent.
posted by Clark Gamble at Tracinda makes MGM cash offer
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