MGM MIRAGE Takes Neutral Position Regarding Tender Offer
LAS VEGAS, NV, September 3, 2007. MGM MIRAGE (NYSE:MGM) announced that it has filed a Schedule 14D-9 Solicitation/Recommendation Statement with the Securities and Exchange Commission in response to the previously announced cash tender offer by Infinity World Investments, LLC, an indirect wholly owned subsidiary of Dubai World, for up to 14.2 million shares of MGM MIRAGE common stock at a price of $84 per share.
In response to the tender offer, the MGM MIRAGE Board of Directors is making no recommendation about whether its stockholders should tender their shares in the offer and is remaining neutral. The reasons for the Board's position are disclosed in the Schedule 14D-9 which will be mailed to stockholders on or about August 31, 2007.
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