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Shares In Barry Diller's People Inc. Surge On Report Of Role-Reversal Acquisition Bid From MGM Resorts
Source: deadline.com
M&A & RestructuringMedia & EntertainmentTravel & Leisure
People Inc. shares surged 9% in early Friday trading following a report that MGM Resorts may bid to acquire the company in a role-reversal transaction. Earlier in the week, People abandoned its $18 billion plan to acquire the remaining stake in MGM Resorts, in which it already owns 27%.
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strongly positive
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