Barry Diller's People Inc. has publicly proposed acquiring the remaining shares of MGM Resorts International at $48.30 each, valuing the casino and entertainment group at around $12.4 billion. MGM Resorts International's share price closed at $46.88, and the proposal comes amid a 90-day share price return of 27.56% and a one-year total shareholder return of 23.60%. The most followed narrative from Simply Wall St users places fair value at $27.97, suggesting the stock is overvalued, while the SWS DCF model estimates fair value at $61.22, indicating the stock is trading about 23.4% below its estimated future cash flow value. The competing valuations frame the $48.30 offer very differently, depending on whether one trusts cash flow or earnings multiple assumptions.
MGM Resorts InternationalMGM Resorts receives a buyout proposal at $48.30 per share, a premium to its closing price.
People Co., Ltd.
People IncorporatedPeople Inc. proposes acquiring MGM Resorts at $48.30 per share, a strategic M&A move.