Deals
Leonard Green Said to Bid for MGM Resorts’ Borgata Casino Stake
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Leonard Green & Partners LP, a Los Angeles buyout firm, offered to buy MGM Resorts International’s 50 percent stake in Atlantic City’s Borgata Hotel Casino & Spa, people with knowledge of the situation said.
MGM said last week it received an offer that will generate proceeds of about $250 million, without naming the suitor. The people declined to be identified because the deliberations aren’t public.