People Inc climbs 8.5% after MGM reportedly considers bid
PPLI•People Inc shares rose 8.5% to $39 in extended trading after MGM reportedly considered a bid for the company; People Inc withdrew its bid to acquire MGM on Wednesday.
1. Shares rise after report
People Inc shares rose 8.5% to $39 in extended trading after the Wall Street Journal reported that MGM Resorts International was considering a bid for Barry Diller’s People Inc. People Inc declined to comment, and MGM did not immediately respond to a request for comment.
