This video can be found at https://vimeo.com/126913415
www.RestoreMGM.com
Background to the activism:
3/17 Land and Buildings (L&B) proposed MGM convert to a REIT to unlock value and nominated four to the board; L&B issued a presentation indicating a 70% upside in stock value
3/30 L&B filed preliminary proxy materials nominating four people to the board
4/1 L&B sent a letter to MGM calling on the board to form a committee and engage an independent financial advisor to evaluate options to create long term valu
4/20 L&B sent a letter to shareholders highlighting the reasosn to vote for its four board candidates
4/27 L&B joined Pontiac General Employees Retirement System in calling for MGM to eliminate its Dead Hand Proxy Put provision in the company's debt agreemen
4/29 MGM issued a shareholder presentation titled, "Improved Stewardship for Improved Returns"
On the same day Paulson & Co (a 1.42% shareholder) announced its support for MGM's nominees, saying the company should continue its strategy to build another resort in Macau and invest in non-gaming attractions in Nevada.
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