MGM Mirage has pulled out of the race to buy Wembley.
It said it could not trump BLB Investor’s 860p a share offer.
BLB is a consortium that includes Starwood Capital, Kerzner International and Waterford Group. It is thought that under BLB’s control, Kerzner will run Wembley’s UK greyhound tracks.
References: The Guardian 06/05/04 page 19, Financial Times 06/05/04 page 25, page 48 (FT Markets – London), The Times (Compact) 06/05/04 page 49, The Daily Telegraph 06/05/04 page 33, The Independent (Compact) 06
