… chairman and CEO roles, which we would prefer to see split. Minority shareholders are virtually powerless at MGM, with Kirk Kerkorian 's Tracinda owning 37% of the company and Dubai World holding another 6% of the company. Tracinda sold stock in …
… far more than the necessary concessions to keep the automakers afloat. In a related story, billionaire investor Kirk Kerkorian recently placed a tender offer for shares of GM at $31, seeking to raise his stake in the automaker to just under …
Dec 16 (Reuters) - Kirk Kerkorian -backed Delta Petroleum Corp filed for Chapter 11 bankruptcy protection, as unproductive assets hindered the gas-focussed energy company's efforts to find a buyer.
Shares of MGM Resorts ( MGM +9.7% ) recover nicely after a 5-day downward trend that followed news investor Kirk Kerkorian plans to unload a gigantic stake in the company. The stock is down 36% in the last month, compared to an decline …
It's now a two-day steep selloff for MGM Resorts MGM after Kirk Kerkorian decided to unload 20M shares. Shares were down 13% yesterday and trade 6.2% lower today, stinging Kerkorian's remaining …
NEW YORK (Reuters) - Billionaire investor Kirk Kerkorian 's Tracinda Corp disclosed in a filing that it sold 20 million shares in gambling and resort operator MGM Resorts International on Wednesday,...
Shares of MGM Resorts ( MGM ) fall 11.4% premarket after a report says original owner Kirk Kerkorian sold 20M shares through his investment company. The sale trims Kerkorian's holdings in MGM to a 22% stake, from 27%. Post your comment!
MGM Resorts ( MGM +1.2% ) founder Kirk Kerkorian is leaving the board to become director emeritus, saying his 27% stake is well represented by the current board: "I just didn’t care to keep going back" to "lengthy" meetings, the 93-year-old says. 4 comments!
NEW YORK, April 14 (Reuters) - MGM Resorts International said on Thursday that billionaire founder Kirk Kerkorian would step down from its board to become a senior adviser.
… of the table. Receiving $12 per share in cash plus the assumption of debt, MGM and its controlling shareholder Kirk Kerkorian made out well, in our opinion. We're happy to see Time Warner--which has only recently righted its financial …