MGM Resorts Rejects Nominees From Land & Buildings’ Litt
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MGM Resorts International rejected proposed board nominees from an activist hedge-fund manager pressing the casino operator to split into a real-estate investment trust and a hotel-management firm, setting the stage for a proxy fight.
The board of MGM, the largest casino operator in Las Vegas, unanimously rejected four director nominees proposed by Land & Buildings Investment Management, according to a regulatory filing Friday.