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MGM drops plans for £8.1bn Entain bid

The UK-listed gambling group had rejected MGM’s advances earlier in January
MGM drops plans for £8.1bn Entain bid
  • US-based MGM has pulled back from a possible £8.1bn offer for Entain
  • Entain had argued that the offer “significantly undervalue[d]” it

MGM Resorts International has dropped its plans to buy Entain (ENT) after the gambling group formerly known as GVC rejected its 1,383p-a-share bid.

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