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Bleichmar Fonti & Auld

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1 story · First covered Jul 20, 2026 · Latest 1d ago
Bleichmar Fonti & Auld Coverage
Diller's $48.30 Per Share Bid for MGM. The Board Already Knows It's Low.

Diller's $48.30 Per Share Bid for MGM. The Board Already Knows It's Low.

The People Inc.'s $18 billion offer for MGM values the company at roughly 11% above market, but analysts peg fair value closer to $55-$60 per share. The special committee's real job isn't deciding whether to sell — it's deciding how much more to extract from a buyer who already owns 26.1% and sits on the board.