MGM Resorts International expects to receive cash proceeds of $4.4bn from VICI Properties’ proposed strategic acquisition of real estate investment trust MGM Growth Properties (MGP).
VICI has entered into a definitive agreement to acquire MGP for $17.2bn, including the assumption of $5.7bn of debt.
MGP shareholders will receive 1.366 shares of newly issued VICI stock in exchange for each Class A share of MGP at an agreed price of $43.00 per share, equivalent to a 16 per [...]
