Tracinda Purchases Shares of MGM Mirage in Tender Offer
JANUARY 12, 2007. Tracinda Corporation today announced that it has purchased 444,466 shares of MGM MIRAGE (NYSE: MGM) common stock validly tendered in the recently completed tender offer, increasing its beneficial ownership in MGM MIRAGE from 158,392,864 shares to 158,837,330 shares, or from approximately 55.8% to approximately 55.9%, respectively. The number of shares purchased is less than the amount tendered by 107 shares, reflecting the failed delivery of 62 shares and failure by a guarantor to deliver 45 shares under guaranteed delivery provisions of the tender offer.
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