Land and Buildings

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    ISS backs MGM director nominees

    MGM Resorts announced that a leading independent proxy advisory firm has issued a report recommending that MGM’s shareholders vote for the reelection of all eleven of MGM’s director nominees and not the four nominees proposed by Land & Buildings. MGM Resorts said it “is extremely pleased” that Institutional Shareholder Services has recommended in favor of […]

    Land and Buildings criticizes MGM board member

    Land and Buildings, a shareholder of MGM Resorts, detailed reasons for shareholders to replace MGM board member Robert Baldwin by voting on the Gold proxy card. The investment firm, which specializes in publicly traded real estate, said Robert Baldwin has been on the MGM Board of directors for 15 years and has been the chief […]

    MGM Resorts re-evaluating REIT following criticism from Land and Buildings

    MGM Resorts has told investors it is “throughly” re-evaluating the concept of a REIT following criticism of the casino operator’s businesses from shareholder Land and Buildings. MGM Resorts, whose Q1 adjusted earnings were well above analysts’ expectations, but revenue was weaker than expected, said it is evaluating “all avenues to unlock value” including the possibility […]

    MGM slams Land and Buildings board nominations

    MGM Resorts has hit back at Land and Buildings, a 0.38 percent shareholder of MGM, after the latter nominated a group of four individuals to replace four current members of the Board, MGM announced.  “Replacing experienced, licensed directors, who have overseen the Company’s progress to date, is not warranted and it is not in shareholders’ […]