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MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
Source: CNBC
M&A & RestructuringMedia & Entertainment
The Wall Street Journal reported that MGM is exploring a potential offer for People Inc., after People withdrew its $48.30-per-share proposal to acquire the remainder of MGM. The reversal keeps a possible media-sector transaction in play but leaves the direction, valuation and likelihood of a deal uncertain.
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