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MGM Resorts International Sinks 10% as Barry Diller Withdraws $48.30-a-Share Buyout Offer; Caesars Entertainment Barely Moves
Source: 247wallst.com
M&A & RestructuringTravel & Leisure
MGM Resorts International shares fell in morning trading after Barry Diller's People Inc. withdrew its cash offer for the casino operator's remaining publicly held shares. MGM stock was trading at $34, with the withdrawn bid removing a potential acquisition premium and creating near-term downside for the shares.
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Overall Sentiment
mildly negative
Sentiment Score
-0.35
Ticker Sentiment
MGM-0.70
PPLI-0.45
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