Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, May 23, 2007

MGM Mirage Forms Independent Committee to Study Kerkorian's Bid

MGM Mirage announced that it has set up a committee of independent directors to study controlling shareholder Kirk Kerkorian's offer to buy two properties (including the Bellagio) and possibly a restructuring of the company.  There is speculation that Kerkorian's bid will lead to an auction for the whole company.  See WSJ, Kerkorian Sets Up Delicate Dance at MGM and NYTimes, MGM Mirage Forms Independent Board to Study Kerkorian Offer

http://lawprofessors.typepad.com/securities/2007/05/mgm_mirage_form.html

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