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MGM Grand to Acquire Mirage Resorts for $4.4 Billion
Updated from 7:50 a.m. EST
After nearly two weeks of public negotiations, Stephen A. Wynn has finally agreed to sell Mirage Resorts (MIR Quote) to MGM Grand (MGG Quote), the rival casino chain controlled by the billionaire Kirk Kerkorian.
In a deal valued at $4.4 billion, the companies said Monday that Mirage shareholders will receive $21 a share in cash for their holdings. MGM will also absorb $2 billion in debt. ...
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