OTHER NEWS - March 10, 1994
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From Times Staff and Wire Reports
MGM Grand to Buy Back Shares: The company said it plans to buy back as many as 1 million shares of its common stock to take advantage of low prices. MGM Grand, which is owned primarily by billionaire Kirk Kerkorian, said it will purchase the shares with cash over an as-yet-undetermined period. MGM also said its principal shareholder, Kerkorian’s Tracinda Corp., may buy more MGM shares over time.
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