MGM Mirage Hires Advisors On Tracinda Proposal
Last updated: 13/03/2008 16:49
MGM Mirage has engaged investment bank UBS Research as its financial advisor, and Weil, Gotshal & Manges LLP as its legal advisor to assist in considering a proposal by Tracinda Corp.
Kirk Kerkorian's Tracinda Corp., which holds 56% of the Casino company, on Monday said it would consider a financial restructuring or other outcome for the remainder of MGM Mirage.
Tracinda also intends to buy crown jewels Bellagio and CityCenter, a $7.4 billion project now under construction on the Las Vegas strip.
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