Diller drops bid to acquire MGM Resorts
Barry Diller has withdrawn a proposal to acquire the remaining shares of MGM Resorts at $48.30 per share. The decision followed months of negotiations with a special committee of the company's board.
People had offered $48.30 per share for the MGM shares it did not already own, but withdrew the proposal after months of negotiations with a special committee of MGM’s board.
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