People Inc. Preparing Cash Offer Above $18 Billion for MGM Resorts, Sources Say
People Inc., chaired by Barry Diller, is reportedly preparing a cash proposal to acquire the remainder of MGM Resorts, valuing the casino operator at more than $18 billion. The planned offer of $48.30 per share would target the 73.9% stake People does not already control. The report lifted MGM stock by more than 10% in premarket trading and pushed …