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Will MGM Mirage Stay Afloat?

Discussion in 'North American Land Based Casinos' started by Mousey, Apr 17, 2009.

    Apr 17, 2009
  1. Mousey

    Mousey Ueber Meister Mouse

    Pencil Pusher
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    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 ....

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