MGM Stock Falls 9% as Diller Walks Away From Buyout
MGM Resorts International NYSE:MGM fell 8.82% in premarket after Barry Diller's People Inc. NASDAQ:PPLI, formerly known?as IAC, withdrew its proposal to acquire MGM's remaining outstanding shares. People, which holds about 27% of MGM, offered $48.30 a share in cash in June, valuing the casino ope…