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Regulators seek additional info on
Megamerger The
Federal Trade commission has sent a second request for
information to MGM Mirage and Mandalay Resort Group
regarding their proposed $8 billion dollar merger.
The companies released a
joint statement that clearly outlined that they intend to
reply to the request for information. MGM Mirage also said
that they are confident that the transaction will be
approved before the year 2005's first quarter. This is the
very same timeline that MGM stated during the announcement
of the proposed merger last month.
Guided by federal antitrust
rules, the Federal Trade Commission has a 30 day period in
which it can look into the transaction to seek out whether
the agency needs additional information.
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