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StumbleCasino operator buys back 5.75 mil. shares
Friday, Oct. 8, 1999 | 11:12 a.m.
Mirage Resorts Inc. of Las Vegas said it repurchased about 5.75 million shares of its common stock in a privately negotiated transaction at $15.25 per share.
The purchase, which totaled $87.7 million, was 87.5 cents a share or about $5 million above the Thursday closing price of $14.375 a share for Mirage stock.
The company said it has bought back about 6.7 million shares in its previously announced 10 million-share repurchase program. Mirage has about 192 million shares outstanding.
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