Magna Entertainment (MEC) Comments on Recent Stock Price
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Magna Entertainment Corp. (NASDAQ: MECA) announced that, while it continues to consider certain asset sales and solutions to its liquidity situation, it is not aware of any specific developments to which the recent increase in its stock price would be attributable.
MEC owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities.[SM]
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