MGM: 95-Year-Old Billionaire Casino Magnate Kerkorian May Increase Stake PRIVATE EQUITY,VENTURE CAPITAL,HEDGE FUNDS INVESTMENT BANKING

Billionaire Kirk Kerkorian says he may add to his stake in MGM Resorts, the company which he founded more than four decades ago. Kerkorian, 95, could boost his position to 25% from 18.6% through his investment company Tracinda, a new SEC filing shows. Kerkorian would be able to make the purchase during the next trading window set by MGM, which starts April 3. His stake is currently 91.2 million shares, worth roughly $1.2 billion at today’s price of $13.48 a share. http://www.forbes.com/sites/abrambrown/2013/03/14/mgm-resorts-95-year-old-billionaire-casino-magnate-kerkorian-may-increase-stake/

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