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Market Impact: 0.4
PEOPLE INCORPORATED WITHDRAWS PROPOSAL TO PURCHASE ALL PUBLIC SHARES OF MGM RESORTS INTERNATIONAL
Source: PR Newswire
M&A & RestructuringTravel & Leisure
People Incorporated (NASDAQ: PPLI) withdrew its proposal to acquire all publicly held shares of MGM Resorts International. The withdrawal removes a potential takeover catalyst for MGM and is likely negative for its shares, while ending a prospective transaction involving the casino and hospitality operator.
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Overall Sentiment
moderately negative
Sentiment Score
-0.45
Ticker Sentiment
MGM-0.20
PPLI-0.45
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