Institutional investor liquidates stake
Friday, March 10, 2000 | 11:05 a.m.
One of the largest shareholders in Mirage Resorts Inc. reported the recent sale of 11.5 million shares in the Las Vegas gaming company.
In a Thursday filing with the Securities and Exchange Commission, Boston-based investment fund Capital Growth Management indicated it now holds no shares in Mirage Resorts.
On Feb. 10, the date of its last ownership filing, Capital Growth reported holdings of 11.5 million shares -- a 6.1 percent stake in Mirage Resorts. That made Capital Growth the third-largest outside investor in the company.
The Thursday filing did not indicate when the sales occurred, or at what price. At current market values, the shares are valued at $208.5 million.
Mirage Resorts reached a definitive agreement March 6 to be acquired by MGM Grand Inc. for $21 per share. Prior to MGM Grand's takeover effort -- first announced Feb. 23 -- Mirage Resorts traded at $10.88. Since that time, its shares have traded as high as $19.
archive
- Most Read
- Discussed
- Most E-mailed
- Man, 26, dies in collision with truck traveling at 100 mph
- MGM Mirage: CityCenter not affected by debt woes
- Metro admits to improper release of criminal history data
- Locomotives win inaugural UFL championship
- Was a foiled bank heist a cry for help?
- Bargain hunters hit stores for Black Friday
- If Palin’s book is so bad, then why is it a best-seller?
- Q&A: MMA fighter and Playboy model Latasha Marzolla
- UNLV recalls last year’s close shave at Louisville
- Live game blog: Bellfield, UNLV come through late, upset No. 16 Louisville
Blogs
The Kats Report
Could a savior of shuttered Las Vegas Art Museum be ... Peter Max? (6 Comments)
For Paul Stanley and KISS, rock and roll is not over (6 Comments)
Twenty years ago today, Human Nature took root on the farm (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond’s triumphant return to the Flamingo
The Kats Report
'DWTS' champ Donny Osmond still deft afoot in return to Flamingo (8 Comments)
Politics: The Early Line
Meeting of GOP governors draws challengers, not Gibbons (5 Comments)
Politics: Ralston's Flash
Oscar loves forcing developers to sign labor peace agreements, Culinary loves the city's downtown plans and all is forgiven (10 Comments)
Calendar »
- 29 Sun
- 30 Mon
- 1 Tue
- 2 Wed
- 3 Thu
-
Tahoe Takeover at The Bank
The Bank | 10 p.m. to 11:59 p.m.
-
Playboy Club model search
Playboy Club | 10 p.m. to 11:59 p.m.
-
Queen of Queens at Revolution Lounge
Beatles Revolution Lounge | 10 p.m. to 11:59 p.m.
-
Zowie Bowie's Vintage Vegas Show at Monte Carlo
Lance Burton Theater
The Sun
Locally owned and independent for more than 50 years.
Technorati









