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MGM Resorts special committee evaluating Barry Diller's $12.4 billion takeover bid
Currently considering a takeover offer from media mogul Barry Diller, MGM Resorts has appointed a special committee to help it decide whether $12.4 billion is a fair price.
MGM Resorts International has formed a special committee including advisors to review billionaire Barry Diller's takeover bid. It received an offer from Diller worth $12.4 billion in early June. Talks have intensified in July, leading to the need for outside experts to help evaluate the offer.