Analyst Suggests MGM Resorts Valuation Higher Than Diller's Offer
MGM Resorts takeout price appears to be too low; may be worth $50-55/shr - analyst
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Barry Diller's offer of $48.30 per share for MGM Resorts is seen as too low by analysts. A Stifel analyst suggests that the casino operator's actual value could range from $50 to $55 per share, indicating a potential rejection of the offer by MGM's board.
- 01Barry Diller's offer for MGM Resorts is $48.30 per share.
- 02Stifel analyst believes MGM's value is actually between $50 and $55 per share.
- 03The MGM board may reject Diller's offer based on this valuation.
- 04The analysis comes in light of Tilman Fertitta's recent announcement.
- 05The valuation reflects market expectations for MGM Resorts.
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Barry Diller's proposed acquisition price of $48.30 per share for MGM Resorts (MGM) has been deemed insufficient by analysts. A report from Stifel suggests that MGM could be valued between $50 and $55 per share, indicating that Diller's offer may face rejection from MGM's board. This assessment follows Tilman Fertitta's recent comments regarding MGM's market position and potential worth. The discrepancy between the offer and the estimated value highlights the ongoing discussions surrounding MGM's future and acquisition strategies.
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