Mandalay, MGM Mirage Requested for Information from FTC
27 Jul 2004
LAS VEGAS – (PRESS RELEASE) -- Mandalay Resort Group (NYSE: MBG) and MGM MIRAGE (NYSE: MGG) today jointly announced that they have received a request from the Federal Trade Commission (FTC) for more information relating to the previously announced merger of Mandalay and MGM MIRAGE.
The companies intend to respond promptly to the information request. This "second request" extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 during which the FTC reviews the transaction. MGM MIRAGE anticipates the transaction will be completed in the first quarter of 2005.