MGM Deal Notice: MGM Resorts Shareholders are Encouraged to Contact BFA Law about its Investigation into the $48.30 per Share Offer
Globe Newswire•21/10/2026•05:46 ET
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Key Highlights
- ➤People offered $48.30 per share for MGM Resorts’ remaining stock
- ➤BFA is investigating potential fiduciary-duty breaches tied to Diller’s offer
- ➤Barry Diller sits on MGM’s board and controls MGM’s largest stockholder
- ➤People secured rights to designate two MGM directors under a governance agreement
- ➤MGM said its board would carefully review the proposal
Expert Statements
Barry Diller, MGM board member and founder and controller of People, Inc.
“will carefully review and consider the proposal to determine the course of action that it believes is in the best interests of the Company and all of its shareholders.”
NEW YORK, Oct. 21, 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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