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MGM Grand makes $3.4 billion offer for Mirage Resorts

Article Abstract:

MGM Grand Inc. has made an offer of $3.4 billion to acquire Mirage Resorts Inc. The bid came unexpectedly from corporate raider Kirk Kerkorian.

Author: Deogun, Nikhil, Binkley, Christina
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
Mirage Resorts Inc., MIR, MGM Grand Inc., MGG

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Osmond is near 5.6 billion pounds bid for Six Continents

Article Abstract:

Entrepreneur Hugh Osmond is close to making an acquisition bid for Six Continents PLC. Osmond will make a bid of around 5.6 billion pounds (8.16 billion euros) for the hotel firm.

Author: Raghavan, Anita, Binkley, Christina, Rich, Motoko
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
United Kingdom, Company acquisition/merger, Hospitality industry, InterContinental Hotels Group PLC, Osmond, Hugh

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Hilton acquires three casinos and will split

Article Abstract:

Hilton Hotels Corp. will acquire three Mississippi properties from Minnesota, MN-based Grand Casinos Inc. for $650 million in stock. The deal, which will also include the assumption of $550 million Grand Casinos debt, will help the firm secure a tax-free status under the Internal Revenue Service as it splits its hotel and casino companies into separate operations. Hilton said it will split its operations to free the firm's hotel from the decline of its casino operations. Hilton will spin-off its Indian casino management business and other assets to its shareholders as part of the deal.

Comment:

Will acquire three Mississippi properties from Minnesota, MN-based Grand Casinos Inc for $650 million in stock

Author: Binkley, Christina
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
Casinos, Casinos (except Casino Hotels), Hilton Hotels Corp., Article, Grand Casinos Inc.

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Subjects list: United States, Mergers, acquisitions and divestments, Hotels and motels
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