The Metro Goldwyn Meyer board, the iconic Hollywood moviemaker that ended its bankruptcy in 2010 is now in discussions for its initial stock offering. Thus, this long awaited event would be held on March 18 amidst many signs that the debt holders that control the company would be nearing a decision to file for an IPO.
MGM has advised its investors that it would be releasing its year end numbers on March 18 after its board meeting. It would also be holding a conference call on March 19 to explain the results of the vote as well as the discussions on the IPO. This was confirmed by three individuals familiar with the transaction.
MGM is being advised by JP Morgan Chase and Goldman Sachs Group Inc on the possible IPO. The board though may not even touch the IPO topic but many have been told that a decision would be reached within 2013.
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