By Lisa Kerner
Charlotte, N.C., Jan. 5 - Tracinda Corp. said approximately 444,573 shares of MGM Mirage common stock were tendered at $55 per share as of the Jan. 4 offer deadline.
The company's ownership of MGM Mirage will increase to 55.9% from 55.8%, or approximately 159 million shares, according to a news release.
Tracinda is a private investment company based in Los Angeles.
MGM Mirage is a Las Vegas-based hotel and gaming company.
| Acquirer: | Tracinda Corp.
|
| Target: | MGM Mirage
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| Payment per share: | $55
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| Stock price for target: | NYSE: MGM $57.10 on Jan. 4
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