from today's PR Newswire (5/14):
MGM MIRAGE's Board of Directors Approves New Twenty Million Share Repurchase Program
"LAS VEGAS, May 14 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM)
today announced that its Board of Directors has approved a new stock
repurchase program authorizing the Company to purchase up to twenty million
shares of Company common stock. The purchases can be made from time to time
through open market purchases, privately negotiated third party
transactions or other transactions including but not limited to tender
offers as market conditions warrant.
The Company additionally announced that it has repurchased 1.27 million
shares in the current quarter to date, thereby leaving 1.36 million shares
outstanding under the previous share repurchase program approved in
December 2007." ....
for the complete story
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