MGM Mirage shareholders settle swap transactions

By Lisa Kerner

Charlotte, N.C., Dec. 15 - MGM Mirage investors Infinity World Investments LLC and Infinity World (Cayman) LP paid $890,738,836.05 to Credit Suisse International, Deutsche Bank AG, London Branch and Royal Bank of Scotland plc to settle in full their share forward transactions and share swap transactions, according to a schedule 13D filed with the Securities and Exchange Commission.

The banks also terminated the liens and security interests in shares of common stock of MGM Mirage owned by Infinity World and Cayman LP under the agreement, the filing said.

Infinity World and Cayman LP beneficially own 26,048,738 shares or 9.4% of the Las Vegas gaming company.

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