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Dubai World to Invest $5B in MGM Mirage and Resort Project
State-owned Dubai World said it will buy 14 million shares of MGM Mirage from the company at $84/share, a 13% premium over Tuesday's close of $74.32, purchase another 14 million shares from investors, and pay $2.7 billion for a 50% stake in MGM's CityCenter Las Vegas resort project.
- Posted:
- 1 year 4 months ago in PE/M&A
- Source:
- seekingalpha.com
