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Thursday, February 21, 2013

Deals of the day -- mergers and acquisitions, (NYSE: MGM)

The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday: ** Ferrovial is to purchase British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.** MGM Resorts International Chairman Jim Murren said he has been approached by possible buyers for the Crystals luxury mall in its $8.5 billion Las Vegas CityCenter joint venture complex.** Private equity firm Forstmann Little & Company has decided to put its sports and modeling talent agency IMG up for sale and is in the process of picking an investment bank to lead the effort, three people familiar with the matter said.

MGM Resorts International is a holding company. The Company is a hospitality company. Shares of MGM remained unchanged at $12.54. In the past year, the shares have traded as low as $8.83 and as high as $14.80. On average, 11136800 shares of MGM exchange hands on a given day and today's volume is recorded at 2800.