Kirk Kerkorian, who owns about 80% of...

Kirk Kerkorian, who owns about 80% of MGM/UA Communications, recently turned down an offer of more than $1 billion for the movie company from a firm based in the principality of Monaco. Los Angeles lawyer Howard Weitzman, who represented the interested party, confirmed the report from an entertainment industry source. Weitzman said he did not learn whether Kerkorian was simply uninterested in selling or whether he did not want to sell at the offered price. He also confirmed that the Monaco firm, identified as Elizabeth Dickenson Industries, was interested in having former UA Chairman Anthony Thomopoulos run MGM/UA under new ownership.