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Home›US Markets›Equities›MGM Resorts shares tumble after People Inc. cancels ta…

MGM Resorts shares tumble after People Inc. cancels takeover offer

Reported · Written up by our desk · Equities

CNBC Markets reports that MGM Resorts shares fell about 9.0% after Barry Diller’s People Inc. rescinded its offer to buy the remaining public shares of the casino operator.

The change means the planned acquisition of the rest of MGM’s publicly held stake will not move forward as originally proposed, according to the report.

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Sources

CNBC MarketsMGM Resorts shares sink 9% after Barry Diller's People Inc. rescinds takeover offer

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