Share this article
Share this article
SAN DIEGO, Aug. 4, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of MGM Growth, Inc. (NYSE: MGP) ("MGM" or the "Company") breached their fiduciary duties in connection with the proposed sale of the Company to VICI Properties, Inc. (NYSE: VICI) ("VICI").
On August 4, 2021, MGP announced that it had agreed to merge with VICI in an all-stock transaction. Under the terms of the agreement, MGP stockholders will receive 1.366 newly issued shares of VICI common stock for each share of MGP class A stock owned. MCP shareholders will be subject to the future price fluctuation of VICI's stock price.