Infinity World begins tender offer for up to 14.2 million shares of MGM Mirage

By Lisa Kerner

Charlotte, N.C., Aug. 27 - Dubai World subsidiary Infinity World Investments LLC began its $84-per-share cash tender offer for up to 14.2 million shares of MGM Mirage.

The tender offer will expire at 11:59 p.m. ET on Sept. 24 unless extended, according to a company news release.

MacKenzie Partners, Inc. (800 322-2885) is the information agent and Mellon Investor Services LLC is the depositary in connection with the offer.

It was previously reported that Dubai World will invest some $5 billion in MGM Mirage under a definitive agreement signed by the companies. The investment, part of a long-term strategic relationship, includes a $2.7 billion investment in the Las Vegas development project CityCenter and up to $2.4 billion in purchases of MGM Mirage common stock.

MGM Mirage is a Las Vegas gaming company.

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