- People Inc. proposed to acquire MGM Resorts at $48.30 per share in June, valuing the company at ~$12.4 billion.
MGM Resorts fell in after-hours trading after People Inc. withdrew its $12.4 billion buyout proposal. Diller cited deal conditions not coming together. The stock had closed down 2.7% before the news. Year-to-date MGM is up 3.7%.
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