MGM Resorts caps People stake at 29.9% in amended voting agreement after takeover bid withdrawn

MGM Resorts International said in an announcement on October 28, 2026 that it has amended its voting agreement with People Incorporated and Barry Diller, five weeks after People withdrew its $48.30-per-share offer to buy the company. The amendment was signed on October 27 and disclosed in an 8-K MGM Resorts filed with the US Securities and Exchange Commission, then announced publicly the next morning. Under it, People, Barry Diller and certain associated persons, together the Covered Entities, agreed not to purchase additional MGM Resorts shares if that would take their aggregate ownership above 29.9% of outstanding shares.