$MGM Deal Investigation Notification: BFA Law is Investigating the MGM Resorts $48.30 per share Merger Deal – Contact the Firm if You Hold Shares
Globe Newswire•30/09/2026•06:17 ET
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Key Highlights
- ➤People, Inc. bid to buy remaining MGM Resorts (MGM) stock for $48.30 per share
- ➤BFA Law is investigating potential fiduciary-duty breaches tied to the proposed deal
- ➤Barry Diller sits on MGM’s board and controls its largest single stockholder
- ➤People recently gained rights to designate two MGM directors under a governance agreement
NEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller’s bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.
Barry Diller is a member of MGM’s board of directors. People, Inc. (“People,” f/k/a/ IAC, Inc.), a company that Diller founded and controls, is MGM’s largest single stockholder. On June 1, 2026, People made an unsolicited bid to buy the remaining MGM stock for $48.30 per share.
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