MGM, Mandalay Say FTC Wants More Data
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MGM Mirage Inc. said the Federal Trade Commission asked for more information about the company’s planned $4.8-billion purchase of Mandalay Resort Group.
The request extends the duration of the federal agency’s antitrust review, the companies, both based in Las Vegas, said. The combined operation would be the world’s second-largest casino resort company.
MGM Mirage still expects the Mandalay purchase to be completed in the first quarter.
MGM Mirage shares rose 24 cents to $44.34. Mandalay shares rose 1 cent to $67.62. Both trade on the NYSE.
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