Press release
Investigation announced for Investors in MGM Growth Properties LLC (NYSE: MGP) over Acquisition
An investigation on behalf of investors of MGM Growth Properties LLC (NYSE: MGP) in connection with the proposed takeover.
Investors who purchased shares of MGM Growth Properties LLC (NYSE: MGP) and currently hold any of those MGM Growth Properties LLC (NYSE: MGP shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of MGM Growth Properties LLC breached their fiduciary duties owed to NYSE: MGP investors in connection with the proposed acquisition.
On Aug. 4, 2021, MGM Resorts International (NYSE: MGM) announced that it has entered into an agreement with VICI Properties Inc. (NYSE: VICI) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) whereby VICI Properties Inc would redeem a majority of MGM Growth Properties LLC operating partnership units held by MGM Resorts International for $43 per unit, or approximately $4.4 billion in cash, and acquire 100% of the outstanding class A shares of MGM Growth Properties LLC in a stock-for-stock transaction.
However, the investigation concerns whether the offer is unfair to NYSE: MGP unitholders. More specifically, the investigation concerns whether the MGM Growth Properties Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Those who are current investors in MGM Growth Properties LLC (NYSE: MGP) shares have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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