Barry Diller Wants MGM at $48.30 a Share. That's a 2.3% Premium. Read That Again.
The largest single shareholder in MGM Resorts is offering to take the whole company private at barely above market price, and a law firm just started asking whether that's fair to everyone else holding the stock. If you've ever watched a controlling investor set the terms of their own deal, you already know how this story tends to end.