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Campaigns / Land & Buildings → MGM Resorts International
Land & Buildings vs. MGM Resorts International

MGM Resorts International · MGM

2 decks published between 2015-03-17 and 2015-03-20 — 9 pages, 8 analysed slides total.

initial thesis proxy fight

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2015-03-17 initial thesis

    2015 03 LandB MGM Presentation and Nomination Press Release 3 17 15

    6pp · press_release

    MGM's US real estate is buried inside a 10x-EBITDA C-corp; a REIT conversion plus lodging-C-corp spin and MGM China dividend can lift NAV from $33 to $55 per share.

    N 4 V 2 C 1
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  2. 2015-03-20 proxy fight

    2015 03 LandB MGM Statement 3 20 15

    3pp · press_release

    Land and Buildings will file its own proxy at MGM after the board rejected its four nominees, arguing a $1.5bn post-pitch rally proves shareholders back its real-estate-unlock plan.