Will MGM Mirage Stay Afloat?

Posted Fri Apr 17, 10:32 am ET
Posted By: Aditi Samajpati


MGM Mirage (MGM) shares slumped at the open on Friday following reports that activist investor Carl Icahn was pressing the distressed gambling giant to restructure its $13.5 billion debt by seeking bankruptcy protection.

Late Thursday, The Wall Street Journal said Icahn and private-equity fund Oaktree Capital Management have been pursuing MGM Mirage to clean up its balance sheet ....