(Reuters) - Shares of MGM Mirage jumped 14 percent in extended trading
on Monday after Kerkorian's Tracinda Corp. said it would
explore options for its majority stake in MGM and enter talks
to purchase the casino company's Bellagio Hotel and City Centre
properties. For details, see [ID:nN21358342].
"That's certainly going to spark debate about valuations in
the gaming-hotel-casino complex," said Arthur Hogan, chief
market analyst at Jefferies & Co. in Boston. "That will open
floodgates for other interesting possibilities."
Read more at Reuters.com Bonds News
on Monday after Kerkorian's Tracinda Corp. said it would
explore options for its majority stake in MGM and enter talks
to purchase the casino company's Bellagio Hotel and City Centre
properties. For details, see [ID:nN21358342].
"That's certainly going to spark debate about valuations in
the gaming-hotel-casino complex," said Arthur Hogan, chief
market analyst at Jefferies & Co. in Boston. "That will open
floodgates for other interesting possibilities."
Read more at Reuters.com Bonds News
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