Tracinda Sold 4M MGM Resorts (MGM) Shares

September 1, 2016 10:25 AM EDT

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On September 1, 2016, Tracinda sold 4,000,000 shares of Common Stock of MGM Resorts (NYSE: MGM) to Expert Angels Limited at a price of $25.00 per share in a private sale pursuant to a Share Purchase Agreement dated August 16, 2016.

The firm has 87,173,744 shares, or 15.4% stake after the sale.

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Kirk Kerkorian, Tracinda Corp.

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