Stocks to Watch: MGM Resorts, Worthington Steel

Dow Jones07-11 06:47

MGM Resorts is in negotiations with and may be acquired by Barry Diller and his firm People Inc., The Wall Street Journal reported. The casino gaming company has set up a board committee and engaged advisers to evaluate Diller's June 1 proposal to buy the company for $48.30 a share, the Journal reported, citing people familiar with the matter. At that price MGM would be valued at about $12.4 billion. The stock rose 3.2% to $48.39 in after-hours trading.

Worthington Steel revised its fourth-quarter loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24, after identifying additional long-lived asset impairment charges. The steel processor said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. The stock ticked down 1.4%, to $32.59, after market close.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 10, 2026 18:47 ET (22:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The casino gaming company has set up a board committee and engaged advisers to evaluate Diller's June 1 proposal to buy the company for $48.30 a share, the Journal reported, citing people familiar with the matter. At that price MGM would be valued at about $12.4 billion. The stock rose 3.2% to $48.39 in after-hours trading. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/WS\">Worthington Steel</a> revised its fourth-quarter loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24, after identifying additional long-lived asset impairment charges. The steel processor said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. 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