MGM MIRAGE Transactions Committee Selects Advisors
25 Maio 2007 - 10:30AM
PR Newswire (US)
LAS VEGAS, May 25 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE:MGM)
today announced that the Transactions Committee of the MGM MIRAGE
Board of Directors, which was formed on May 22, 2007 to consider
the amended Schedule 13D filed by Tracinda Corporation and
strategic alternatives available to MGM MIRAGE, has engaged UBS
Investment Bank, as its financial advisor, and Weil, Gotshal &
Manges LLP, as its legal advisor, to assist it in this process. MGM
MIRAGE (NYSE:MGM), one of the world's leading and most respected
hotel and gaming companies, owns and operates 19 properties located
in Nevada, Mississippi and Michigan, and has investments in three
other properties in Nevada, New Jersey and Illinois. The Company
has entered into an agreement to sell its Colorado Belle and
Edgewater properties located in Laughlin, Nevada. In addition, the
Company has major new developments under construction in Nevada,
Michigan and Macau S.A.R. CityCenter is a multi-billion dollar
mixed-use urban development in the heart of the Las Vegas Strip; a
new MGM Grand hotel and casino complex is being built in downtown
Detroit; and the Company has a 50% interest in MGM Grand Macau, a
hotel-casino resort currently under construction in Macau S.A.R.
MGM MIRAGE supports responsible gaming and has implemented the
American Gaming Association's Code of Conduct for Responsible
Gaming at its properties. MGM MIRAGE also has been the recipient of
numerous awards and recognitions for its industry-leading Diversity
Initiative and its community philanthropy programs. For more
information about MGM MIRAGE, please visit the company's website at
http://www.mgmmirage.com/. Statements in this release which are not
historical facts are "forward looking" statements and "safe harbor
statements" Under the Private Securities Litigation Reform Act of
1995 that involve risks and/or uncertainties, including risks
and/or uncertainties as described in the company's public filings
with the Securities and Exchange Commission. DATASOURCE: MGM MIRAGE
CONTACT: Investment Community, James J. Murren, President, Chief
Financial Officer & Treasurer, +1-702-693-8877, or Media, Alan
M. Feldman, Senior Vice President of Public Affairs,
+1-702-891-7147, , both of MGM MIRAGE; or Joele Frank, or Dan
Katcher, both of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449, for MGM MIRAGE Web site: http://www.mgmmirage.com/
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