Barry Diller’s People Seeks Control of MGM Resorts – Merger Arbitrage Mondays
MGM Resorts International (MGM): $47.51 Market Cap: $12.16 B Offer Value: $41.89 B Media mogul Barry Diller’s People Inc, previously known as IAC (IAC), announced a non-binding…
Written byAsif SuriaSource: InsideArbitrage
MGM Resorts International (MGM): $47.51 Market Cap: $12.16 B Offer Value: $41.89 B Media mogul Barry Diller’s People Inc, previously known as IAC (IAC), announced a non-binding proposal to buy MGM Resorts, valuing the casino operator at an enterprise value of $41.89 billion, marking the gambling industry’s second takeover bid in a week, as companies