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MGM Mirage Casino Stock Sold7 February 2001LAS VEGAS – Feb. 7, 2001 – As reported by the Associated Press: “Kirk Kerkorian, the controlling shareholder of Las Vegas-based casino giant MGM MIRAGE, sold 1.89 million shares of MGM MIRAGE stock Tuesday afternoon. ”Jim Murren, chief financial officer of MGM MIRAGE, said the shares were held directly by Kerkorian, rather than through Tracinda Corp., Kerkorian's investment firm that holds a majority of the company's shares. Kerkorian held 95 million shares both personally and through Tracinda prior to the sale. ”Murren said he didn't know the sale price, though Dow Jones put the price at $30.25 per share. That would have grossed Kerkorian $57.2 million. ”….`He has periodically sold MGG (MGM MIRAGE) stock in his personal account, but he's been a massive buyer through Tracinda,’ Murren said. `He bought $600 million in MGG stock less than a year ago. He's always indicated he wanted to sell the personal stock.’…” |