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MGM files for possible IPO

MGM files for possible IPO

Metro-Goldwyn-Mayer, the 88-year-old Hollywood studio that emerged from bankruptcy in late 2010, has filed for a possible public offering of its stock that would allow the former debt holders that are now its owners to start selling their holdings.

Beverly Hills-based MGM's plans were disclosed in a brief statement explaining that it has filed a draft registration statement for an IPO with the Securities and Exchange Commission. There was no information about when the company might go through with the IPO or at what price.

Although it is private, MGM has publicly disclosed its quarterly financial results for the last year as part of an agreement with its owners. The company...

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