International edition
June 21, 2021

MGM shares jumped us$ 2.67, or 4.5 percent

Casino investor Kirk Kerkorian donated 5 million MGM Mirage shares

(US).- The investment arm of Kirk Kerkorian holds a 52.2 percent stake in MGM Mirage after the billionaire donated more than us$ 300 million worth of the casino operator's stock, according to a Securities and Exchange Commission filing on Wednesday. In a Form 4 filing, Kerkorian's Tracinda Corp. reporting donated 5 million MGM shares last Wednesday.

I

n a Form 4 filing, Kerkorian's Tracinda Corp. reporting donated 5 million MGM shares on Wednesday, lowering its stake in the Las Vegas-based company to 52.2 percent. More details were not disclosed.

In August, Tracinda reported a similar transaction. On August 6, the investor also donated 5 million MGM shares, bringing its stake to 54.2 percent at the time. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

MGM shares jumped us$ 2.67, or 4.5 percent, to us$ 62.52 in afternoon trading. The stock has traded between us$ 58.87 and us$ 100.50 during the past 52 weeks.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook