Entain shares reach record high as MGM takeover bid speculation builds

Investors join their own dots after MGM Resorts offloads Las Vegas-based retail assets for $4.4bn

Shares in Entain jumped to an all-time high of 1,955p on 5 August on speculation that MGM Resorts is readying another takeover bid for the FTSE 100 operator. MGM, which is a joint venture partner of Entain in the US via BetMGM, cashed in to the tune of $4.4bn after selling a group of its…

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