OK, I am curious. HOW did they buy at $7 instead of at Market price, Or, was their BUY-IN part of the Billion $ public offering. And, this was to match KK's new investment stake.
Why NO news of this until NOW.
Looking for lift-off tomorrow!!!
"Genting, the Malaysian gaming group, has paid $100m for a 3.2 per cent stake in MGM Mirage"
Not clear on what price Genting bought the shares. Article only mentions KK's $7 price from mid-may secondary. 3.2% for 100mil...but right now I do not know total share count to backout Genting's price...or if they have been buying on the open market this past week. We might see a filing on it by MGM soon.
Either way, very good news as Genting owns a good stake as well as a debt holder. MGM should see nice gap up and maybe with addition news items, a sustained uptrend.
Genting did not have to disclose this information before. Which means out of 124 million additional shares issued, Kirk took 14.5 mil shares and so did Genting which leaves only 90 million additional shares issued.
Smart asains pustering for a HOSTILE TAKEOVER !!!!
Look for an EXTREME SELLOFF with this developement, Big "K"
will be DUMPING in open market soon !!!!!
OH ................ "THE HUMANITY" !!!!!!!
Welcome to VIVA LAS ASAIN CENTER !!!!!!!!!