MGM/UA began talks to settle two lawsuits.
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Culver City-based MGM/UA Entertainment Co. said the negotiations involve suits brought by minority shareholders in its 85%-owned Home Entertainment Group. MGM/UA said any such settlement might result in an increase in the price to be received by HEG’s public shareholders in MGM/UA’s pending bid to buy the publicly held shares. One suit was brought by National Amusements of Dedham, Mass., a motion picture exhibitor, and its chairman, Sumner M. Redstone, who hold 7.7% of the 15% of HEG shares not owned by MGM/UA.
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