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Activist Investor 'Pleased' With Recent Gains In MGM Growth Properties' Stock
Thursday, April 21, 2016 - 11:59am | 283Read More...Land and Buildings, an activist investor and large shareholder of MGM Resorts International (NYSE: MGM) was successful in forcing the company to split its real estate assets into a controlled REIT named MGM Growth Properties LLC (NYSE: MGP) The newly-created entity began trading for the first...
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MGM's Growth Properties IPO Expected To Open In $18-$21/Share Range
Friday, April 8, 2016 - 9:57am | 237Read More...MGM Growth Properties announced in a regulatory filing on Friday it will offer 50 million class A common shares to the public at a price between $18 and $21 per share. MGM Growth Properties' stock will trade on the New York Stock Exchange under the ticker "MGP." The REIT was recently formed as part...
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MGM Appoints James Stewart To Lead Its REIT Segment
Thursday, January 14, 2016 - 1:44pm | 299Read More...Shares of MGM Resorts International (NYSE: MGM) were trading higher by 0.6 percent at $20.14 early Thursday afternoon. The company appointed a real estate and banking veteran to head its recently created MGM Growth Properties business. MGM announced that James C. Stewart, an ex-managing...
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MGM Resorts Shares Spike Following Plans To Create A REIT
Thursday, October 29, 2015 - 8:04am | 519Read More...Shares of MGM Resorts International (NYSE: MGM) spiked higher by nearly 10 percent Thursday morning. The company said that it will create a controlled real estate investment trust (REIT). Activist investor Land and Buildings acquired a stake in MGM and pushed management to implement a...
