- People Inc. withdrew its offer to acquire MGM Resorts.
- MGM shares fell 8.3% to $34.69 premarket.
MGM Resorts dropped 8.3% premarket after Barry Diller's People Inc. pulled its $48.30-per-share offer. Diller cited a poor mix of ingredients. MGM confirmed the withdrawal. Citi sees a Neutral rating and $48 target, noting Diller remains open to a deal.
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