for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

MGM says no intention to submit revised proposal for Entain

Jan 19 (Reuters) - Casino operator MGM Resorts International said on Tuesday it does not intend to submit a revised proposal for Ladbrokes owner Entain, which rejected the U.S. firm’s $11 billion approach earlier this month for being too low.

MGM said it would not make a firm offer for Entain.

Entain shares fell 15.2% to 1,197.5 pence on the announcement. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Ramakrishnan M.)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up