MGM Mirage places 143 million shares of common stock on market
MGM Mirage placed 143 million shares of common stock on the market today, almost double what the company had previously announced it was selling as part of an effort to raise $2.5 billion to resolve its debt and leveraging issues.
Richfield Group Holdings Ltd. will place 150 million shares at HK$1.20 each, raising a net HK$174 million for ``general working capital,'' the company said in a Hong Kong stock exchange filing today.