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Land And Buildings Sends Letter To Shareholders Of MGM Resorts International

2 years ago 0 278

Stamford, CT— (April 20, 2014) – Land and Buildings Investment Management, LLC (“Land and Buildings”) sent a letter to shareholders of MGM Resorts International (NYSE:MGM) (“MGM” or the “Company”) announcing that today it is distributing definitive proxy materials in support of electing Land and Buildings’ four independent, highly qualified, nominees to the Board of MGM who Land and Buildings believes have the experience and independent perspectives needed to fix what we view as the broken boardroom culture at MGM and explore value-unlocking alternatives.

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Land & Buildings Hires Houlihan Lokey to Conduct Independent Financial Review in Connection with Its Investment in MGM Resorts International

2 years ago 0 206

Stamford, CT— (April 13, 2015) – Land and Buildings, an investment firm specializing in publicly traded real estate and real estate related securities, and a shareholder of MGM Resorts International (NYSE: MGM) (“MGM” or the “Company”), today announced that it has retained Houlihan Lokey as its financial advisor to assist in conducting an independent review of Land and Buildings’ recommendations and proposals for enhancing shareholder value at MGM.

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Land And Buildings Calls On MGM Resorts To Form a Committee And Engage An Independent Financial Advisor To Evaluate Options To Create Long Term Shareholder Value

2 years ago 0 261

Stamford, CT— (April 1, 2015) – Today Land and Buildings Investment Management LLC released a public letter to Roland Hernandez, Lead Independent Director of MGM Resorts International (NYSE: MGM) (“MGM” or the “Company”), calling on him to take the necessary steps to unlock shareholder value at MGM, namely by forming a special committee and engaging an independent financial advisor to evaluate options to enhance shareholder value.

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Land and Buildings Files Preliminary Proxy Statement for MGM 2015 Annual Meeting

2 years ago 0 229

Stamford, CT— (March 30, 2015) – Land and Buildings, an investment firm specializing in publicly traded real estate and real estate related securities, and a shareholder of MGM Resorts International (NYSE: MGM) (“MGM” or the “Company”), today issued the following statement regarding the preliminary proxy statement that it filed with the Securities and Exchange Commission on March 27, 2015

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Land and Buildings Issues Statement in Response to Filing of MGM Resorts Proxy

2 years ago 0 245

Stamford, CT— (March 20, 2015) – Today Land and Buildings issued the following statement in response to the filing of a preliminary proxy statement from MGM Resorts International (NYSE: MGM) (“MGM” or the “Company”):

(“MGM” or the “Company”):

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REIT Conversion of MGM Resorts to Unlock Substantial Real Estate Value and the intention to Nominate Four Highly-Qualified Candidates for Board

2 years ago 0 224

Stamford, CT– (March 17, 2015) – Land and Buildings Proposes REIT Conversion of MGM Resorts to Unlock Substantial Real Estate Value and Announces that it Intends to Nominate Four Highly-Qualified Candidates for Board – Land and Buildings issues investor presentation proposing REIT conversion, which it believes offers MGM the opportunity to monetize real estate and reduce leverage in a cost- and tax-efficient manner