Dubai World subsidiary buys 0.12% of MGM Mirage shares in tender offer

By Susanna Moon

Chicago, Oct. 8 - MGM Mirage investors tendered 348,903 shares, or 0.12% of the shares outstanding, in Infinity World Investments LLC's cash tender offer to buy up to 14,200,000 MGM Mirage common shares at $84 per share, according to a press release.

The offer expired at 11:59 p.m. ET on Oct. 5. It was extended from Sept. 24 and began on Aug. 27.

Infinity World, a subsidiary of Dubai World, said it would "promptly" complete the purchase.

The tender offer was made under agreements between Dubai World and MGM Mirage to form a 50/50 joint venture, CityCenter Holdings LLC, and in which Infinity World would acquire MGM Mirage stock both through the tender offer and also directly from MGM at $84 per share.

MacKenzie Partners, Inc. (800 322-2885) is the information agent, and Mellon Investor Services LLC is the depositary.

It was previously reported that Dubai World will invest some $5 billion in MGM Mirage under a definitive agreement signed by the companies. The investment, part of a long-term strategic relationship, includes a $2.7 billion investment in the Las Vegas development project CityCenter and up to $2.4 billion in purchases of MGM Mirage common stock.

MGM Mirage is a Las Vegas gaming company.

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