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Susquehanna: ‘High Probability’ of MGM Landing Higher Takeover Offer
['Todd Shriber', 'Todd Shriber Is A Senior News Reporter Covering Gaming Financials', 'Casino Business', 'Stocks', 'Mergers', 'Acquisitions For Casino.Org. Todd Got His Start In Financial Markets As A Reporter With Bloomberg News...', 'Click For More', 'Financial Reporter']
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Todd Shriber Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.
Todd got his start in financial markets as a reporter with Bloomberg News... Click for moreMGM Resorts International (NYSE: MGM) could face a bidding war beyond Barry Diller’s $18 billion takeover offer, with Susquehanna forecasting a high probability of a topping bid.
An analyst says another takeover offer could emerge for the company.
Stauff also highlighted the Las Vegas Strip’s rising status as a “sports first” destination as another reason why MGM could land a competing takeover offer.
As for unlocking value with MGM, MGM China may be one way of doing that.