Icahn, Kerkorian in Vegas showdown

Icahn, Kerkorian in Vegas showdown
Posted by Gwen Robinson on Apr 17

Two of the best-known US investors are preparing to face off in a
high-stakes game that could reshape the face of Las Vegas, reports
( 123426359.html) the WSJ.

Activist investor Carl Icahn is pushing troubled casino operator MGM
Mirage to restructure in bankruptcy court, a gambit which pits him
against Kirk Kerkorian, MGM Mirage’s largest owner. Icahn and private
equity fund Oaktree separately have acquired hundreds of millions of
dollars in MGM Mirage debt in recent months.

Financial Times
Alphaville