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Times Online (Free subscription) | 27/08/2008
Metro-Goldwyn-Mayer, the Hollywood studio behind the film classics The Wizard of Oz and Ben-Hur, has insisted that it is not for sale despite hiring Goldman Sachs to carry out a strategic review after concern over its $3.7 billion ($£2 billion) of debt.
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PR-Inside.com Entertainment News (Free subscription) | 26/08/2008
Bosses at Hollywood giant MGM have blasted reports the studio is for sale. A recent news item in BusinessWeek magazine suggested MGM backers were attempting to offload the company. But a statement given to Daily Variety insists, "Contrary to recent media reports, Metro-Goldwyn-Mayer Studios inc. is not for sale. There is no asking price for the company." [...]
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DealBook (Free subscription) | 26/08/2008
Following press reports that Metro-Goldwyn-Mayer's private equity owners had retained Goldman Sachs to shop the film studio, the company moved to tamp down sale speculation Monday, saying that it "is not for sale" and that it had tapped the investment bank to "to explore enhancements to MGM's long-term capital structure."
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Reuters UK (Free subscription) | 26/08/2008
LOS ANGELES (Reuters) - Hollywood studio Metro-Goldwyn-Mayer said on Monday it was not for sale but is exploring "enhancements" to its long-term capital structure that could include a stock offering or debt refinancing.
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Detroit Free Press (Free subscription) | 26/08/2008
Metro-Goldwyn-Mayer Inc., the movie studio controlled by private-equity firms, said its owners aren't trying to sell the company.
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Movie City Indie (Free subscription) | 25/08/2008
STATEMENT FROM METRO-GOLDWYN-MAYER STUDIOS INC.... LOS ANGELES, CA August 25, 2008--- Contrary to recent media reports, Metro-Goldwyn-Mayer Studios Inc. (MGM) is not for sale. There is no "asking price" for the company. MGM's existing financing arrangements are sufficient to meet its needs. Goldman, Sachs has been retained to explore enhancements to MGM's long-term capital structure. All of the MGM...
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PR News Wire (Free subscription) | 25/08/2008
Metro-Goldwyn-Mayer Inc. logo. (PRNewsFoto/Metro-Goldwyn-Mayer Inc.)
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Market Watch (Free subscription) | 25/08/2008
SAN FRANCISCO (MarketWatch) -- Merrill Lynch & Co. is examining a contract to fund United Artists following the departure of Chief Executive Paula Wagner to see if United's parent company, Metro-Goldwyn-Mayer, violated any terms of the deal, The New York Post reported Monday, citing people close to the situation. In response, privately held Metro-Goldwyn-Mayer hired Goldman Sachs as a strategic adviser...
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New York Post (Free subscription) | 25/08/2008
Merrill Lynch is examining its contract with United Artists as the beleaguered bank looks to revise the deal on more favorable terms, The Post has learned. Merrill's goal is to see if studio parent Metro-Goldwyn-Mayer violated any terms by axing...
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New Zealand Herald (Free subscription) | 21/08/2008
Metro-Goldwyn-Mayer, the movie studio controlled by private-equity firms, is raising as much as US$600 million to produce some of its biggest films, including The Hobbit. Financing will be completed shortly, said Jeff Pryor, a...
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Turkish daily news (Free subscription) | 21/08/2008
Wagner will continue to own the studio with Cruise and "work with UA's most exciting film properties," UA and Metro-Goldwyn-Mayer Inc. said in a statement.
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Variety.com (Free subscription) | 21/08/2008
Film News: Library includes photos, publicity materials -- The Academy of Motion Picture Arts and Sciences has teamed up with Metro-Goldwyn-Mayer to preserve archives from the MGM/United Artists library.
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International Herald Tribune (Free subscription) | 15/08/2008
The head of Metro-Goldwyn-Mayer Studios says he wants Tom Cruise to remain closely involved with United Artists after the departure of Paula Wagner, a friend of Cruise.