Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterMGM Grand, Mirage agree to $6.4 billion merger
Monday, March 6, 2000 | 7:48 a.m.
Mirage Resorts Inc. and MGM Grand Inc. of Las Vegas said today they've agreed on a merger in which MGM will acquire Mirage for $21 per share in cash. That's up substantially from MGM Grand's initial $17 per share offer.
The equity portion of today's deal is worth $4.4 billion. MGM Grand is assuming $2 billion in Mirage debt, making the total value of the deal $6.4 billion.
There was no immediate word this morning on the future role of Mirage Resorts CEO and Chairman Steve Wynn in the combined company
archive
- Most Read
- Discussed
- Most E-mailed
- Vdara hotel marks opening of CityCenter
- Greenspun reorganizes local media operation, cuts staff
- Harry Reid on mortgages: ‘Bank of America must do more’
- UNLV’s poise to be tested in first road game of season
- A sad day at the Sun, but a day for hope
- Employee files lawsuit against Amazon.com, seeks class-action status
- Bail set at $1 million in fatal Thanksgiving Day shooting
- Firefighter jailed for kicking teen boy after basketball game
- Sands plants flag in Singapore
- Report: Nevada among friendliest states for small businesses
Blogs
The Kats Report
Noteworthy: More from the Trop, Cher changes, Newton on CBS Sunday Morning
TUF Heavyweights
Marathon season finale
Politics: Ralston's Flash
Brian Sandoval is still against taxes, for limiting government and empowering people (6 Comments)
Elsewhere
TCU extends Gary Patterson through 2016
The Kats Report
Dissimilar landmarks -- Binion's and CityCenter -- reflect today's Las Vegas (7 Comments)
High School Sports Scene
Prep Football: State Championship (4 Comments)
Elsewhere
UFC debut in Boston likely July or August (1 Comment)
Calendar »
- 3 Thu
- 4 Fri
- 5 Sat
- 6 Sun
- 7 Mon
-
The Cranberries at The Pearl
The Pearl at the Palms | 8 p.m. to 11 p.m.
-
Grand opening of Crystals at CityCenter
CityCenter-Crystals | 5 p.m. to 11:59 p.m.
-
Sans Age spa night at The Stirling Club featuring Danne' King
Stirling Club | 6 p.m. to 7:30 p.m.
-
Bill Engvall at the Treasure Island Theatre
Treasure Island Theatre
-
Rodney Carrington at the MGM Hollywood Theater
MGM Grand Hotel and Casino
-
ILORI sunglass boutique grand opening
Ilori Sunglass Boutique | 5 p.m. to 8 p.m.
The Sun
Locally owned and independent for more than 50 years.
