Business and regulatory reporting on People Inc.
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People Inc. withdrew its proposed $18bn acquisition of MGM Resorts International. People Inc. chairman Barry Diller said in a statement that the company had withdrawn its offer to buy all publicly held MGM shares.
Also in this report: MGM Resorts · Caesars Entertainment
People Inc. withdrew its proposed $18bn acquisition of MGM Resorts International. People Inc. chairman Barry Diller said in a statement that the company had withdrawn its offer to buy all publicly held MGM shares.
Also in this report: MGM Resorts · Caesars Entertainment
People Inc withdrew its proposal to buy the remaining publicly held shares in US casino group MGM Resorts. MGM Resorts said it would retain its independent status following the withdrawal.
Also in this report: MGM Resorts · MGM China · USA
The report said that People Inc.’s plan to buy MGM Resorts drew questions from Nevada Gaming Commission members. Commission members expressed concern because MGM employs more private-sector workers than any other Nevada employer.
Also in this report: MGM Resorts · USA · Nevada Gaming Commission
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People Inc.’s withdrawal ends its proposed $18bn acquisition of all publicly held MGM shares.
MGM Resorts retains its independence after People Inc withdrew its proposal to acquire the remaining publicly held shares.
The proposed transaction faces questions from Nevada gaming regulators.
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