MGM Investor Reminder: BFA Law Reminds MGM Resorts Shareholders of the Ongoing Investigation into the $48.30 per Share Offer
Globe Newswire•07/10/2026•06:17 ET
0
Key Highlights
- ➤People bid $48.30 per share for MGM Resorts’ remaining stock
- ➤BFA investigates potential fiduciary-duty breaches tied to Diller’s offer
- ➤Barry Diller serves on MGM’s board while controlling MGM’s largest stockholder
- ➤People gained rights to designate two MGM directors under a governance agreement
- ➤MGM said its board would carefully review the proposal
Expert Statements
Barry Diller, Member of MGM Resorts’ board of directors
“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. 07, 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.
Get started
Create a free account to read the full story.