US firm pulls out of Wembley bidding war

MGM Mirage has decided against increasing its £308m (€454m) bid for Wembley PLC in the face of a higher rival offer.

US firm pulls out of Wembley bidding war
Thu, 06 May, 2004 - 07:28

MGM Mirage has decided against increasing its £308m (€454m) bid for Wembley PLC in the face of a higher rival offer.

MGM Mirage’s move takes it out of the running for Wembley, but spokesman Alan Feldman said his company could restart the process if rival BLB Investors failed to complete the deal.

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CourtsBusinessHeathrowPlace: WembleyPlace: New YorkPlace: Lincoln ParkPlace: Rhode IslandPlace: WimbledonPlace: ManchesterPlace: BirminghamPlace: OxfordPlace: PortsmouthPlace: Aurora, ColoradoPlace: Wembley USPlace: ColoradoPlace: BritainPlace: Meadowhall Shopping CentrePlace: SheffieldPerson: Alan FeldmanPerson: FeldmanPerson: Terry LanniPerson: Marc FalconePerson: FalconeOrganisation: MGM MirageOrganisation: BLB InvestorsOrganisation: BLBOrganisation: Deutsche BankOrganisation: WembleyOrganisation: Peel Holdings PLCOrganisation: Metro Casinos Ltd.
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