Chapter 11 Bankruptcy, Mgm | featured news

(Image from article: "MGM To Declare Chapter 11")

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MGM To Declare Chapter 11

Executives from Spyglass Entertainment will take over the company once it emerges from bankruptcy.

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Roller-coaster ride for MGM Mirage

Shares go on a roller coaster, first dropping sharply on reports that bondholders were pushing to force the company into Chapter 11, and then rising fast on news that it cut a deal with its joint-venture partner on its multibillion-dollar CityCenter project.

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