MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
The Wall Street Journal reported that MGM was exploring an offer for People Inc., after People Inc. withdrew its $48.30-per-share proposal to buy the rest of MGM. MGM's CEO said the company would continue pursuing shareholder interests and unlocking value in a business he considers grossly undervalued.
Why it matters — A potential MGM bid signals renewed dealmaking interest in People Inc. following its withdrawn takeover offer for MGM, which could affect its valuation and strategic direction.