MGM Resorts International and People Incorporated Enter into Amended Voting Agreement

MGM Resorts amended its voting agreement with People Incorporated following People's withdrawal of its previously announced proposal to acquire the company. Under the amended terms, People, Barry Diller and associated parties will vote their MGM shares with the Board's recommendation on any change-of-control transaction and agreed not to exceed 29.9% aggregate ownership; in return, MGM will not take defensive measures against them while they comply.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.