MGM Resorts Shares Climb Higher as Billionaire Kerkorian may Boost his Stake

PRNewswire
March 15, 2013

NEW YORK, March 15, 2013 /PRNewswire/ — A new SEC filing revealed
that Billionaire Kirk Kerkorian , 95 years old, could boost his
position in MGM through his investment company Tracinda. His position
would move from 18.6% to 25%. Tracinda made the disclosure with the
Federal Trade Commission to comply with antitrust regulations,
according to a securities filing earlier this week. Shares of MGM have
already gained over 6.5% this year. The stock closed up 6.65% at
$13.24 on Thursday.