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MGM Resorts International MGM, +1.04% and IAC/InterActive Corp. IAC, +0.55% have announced a plan to each purchase 4.5 million shares of MGM Resorts stock from Corvex Management LP for a total of $405.0 million, or $202.5 million each. The two companies are purchasing the stock for $45 per share.
...read full article on Market Watch
