International Companies

MGM Resorts surges as People Inc makes $18bn takeover bid

By Michele Maatouk

Date: Monday 01 Jun 2026

(Sharecast News) - Shares of MGM Resorts surged on Monday after Barry Diller's People Inc. said it has submitted a non-binding proposal to buy the casino giant for $48.30 per share in cash.
The price represents a premium of 10.6% to the most recent closing share price.

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