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    Brief: People Incorporated Proposes To Acquire MGM Resorts International For $48.30 Per Share In Cash

    Picture of MGM Resorts International logoMGM Resorts International
    01/06/2026 14:03
    BRIEF-People Incorporated Proposes To Acquire MGM Resorts International For $48.30 Per Share In Cash
    June 1 (Reuters) - People Inc IAC.O:
    • PEOPLE INCORPORATED PROPOSES TO ACQUIRE MGM RESORTS INTERNATIONAL FOR $48.30 PER SHARE IN CASH
    • PEOPLE INCORPORATED: EXPECTS TO FUND ANY TRANSACTION WITH A COMBINATION OF EXISTING CASH ON HAND
    • PEOPLE: EXPECTS THAT IT WILL OWN JUST OVER 50.1% OF EQUITY OF COMPANY
    • PEOPLE:  EXPECT MGM'S CURRENT MANAGEMENT TEAM WOULD CONTINUE TO LEAD BUSINESS
    Source text: ID:nPn2kFGpWa
    Further company coverage: IAC.O

     ((Reuters.Briefs@thomsonreuters.com;))

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