September 28

It is being reported that Mandalay Resort Group is looking for approval from its shareholders in order to end the company's annual meeting to shop for additional proxies, in case they don't get enough votes during the meeting to approve their merger with MGM Mirage.

According to an amended proxy statement filed Monday with the Securities and Exchange Commission, Mandalay said they wanted their shareholders to vote for the merger and in favor of the proposal, and if needed, to put a halt to  the meeting.

Both MGM Mirage and Mandalay Resort Group boards have already approved a $7.9 billion merger agreement in which MGM Mirage would purchase Mandalay for $71 each share.

Mandalay delayed their July 6 meeting of shareholders after making an announcement regarding the agreement of the merger. At this time, the company has not yet announced a new date for the shareholder meeting.