MGM MIRAGE Takes Neutral Position Regarding Infinity World Investments Tender Offer
MGM MIRAGE (NYSE:MGM) announced that it has filed a Schedule 14D-9 Solicitation/Recommendation Statement with the Securities and Exchange Commission in response to the previously announced cash tender offer by Infinity World Investments, LLC, an indirect wholly owned subsidiary of Dubai World, for up to 14.2 million shares of MGM MIRAGE common stock at a price of $84 per share.
In response to the tender offer, the MGM MIRAGE Board of Directors is making no recommendation about whether its stockholders should tender their shares in the offer and is remaining neutral. The reasons for the Board's position are disclosed in the Schedule 14D-9 which will be mailed to stockholders on or about August 31, 2007.
Logos, product and company names mentioned are the property of their respective owners.
- MGM MIRAGE Shareholders Approve Name Change to MGM Resorts International
- MGM MIRAGE Reports First Quarter Results
- Settlement Agreement Approved in New Jersey MGM MIRAGE to Sell Interest in the Borgata Hotel & Casino
- MGM MIRAGE Enters Into Settlement Agreement in New Jersey
- MGM MIRAGE Announces Successful Amendment and Extension Transaction
- Chartres Lodging Group Completes Purchase of Novotel New York Times Square
- The Biggest Loser Resort – Niagara to Open May, 2012
- Upscale Arizona Resort Joins Wyndham Portfolio
- Atlific Hotels To Manage Canada’S First Element By Westin Hotel In Vaughan, Ontario
- Kerzner To Develop And Manage New One&Only Resort in Sanya on Hainan, PRC
