Posted on:Weil in the News
Weil is advising MGM Resorts International (MGM Resorts) in the pending acquisition of MGM Growth Properties LLC (MGP) by VICI Properties Inc. in a transaction with a total enterprise value of approximately $17.2 billion that will include the redemption of a majority of MGM Resorts’ units in MGP’s operating partnership for approximately $4.4 billion in cash. The transaction is expected to close in the first half of 2022, subject to customary closing conditions.
The Weil team advising MGM Resorts is led by Mergers & Acquisitions partner Michael J. Aiello and includes Mergers & Acquisitions partner Sachin Kohli and Mergers & Acquisitions associates Michelle Sargent, Kimberly Thibault, Michael Chenkin and Karl de la Roche. The team also includes Real Estate Co-Head Michael Bond; Real Estate partner Nellie Camerik; Real Estate counsel Jannelle Seales; Real Estate attorney Leslie Smith; Real Estate associates Shira Barron, Lauren Burgos and Wenxi Zhang; Tax Head Joseph Pari; Tax partner Dave Levy; Tax counsel Adam Arikat; Tax associates Matthew Tippett and Brian Senie; Executive Compensation & Benefits Head Paul Wessel; Executive Compensation & Benefits associates Akansha Mishra, Lauren Sawyer (Not Yet Admitted in New York) and Joshua Ehrhart (Not Yet Admitted in New York); Technology & IP Transactions partner Charan Sandhu; Technology & IP Transactions/Privacy associates Catherine Kim and Rebecca Zhang; Environmental Head Annemargaret Connolly; Environmental counsel Matthew Morton; Antitrust Head Steven Newborn; Antitrust partner Brianne Kucerik; Antitrust associates Natalie Hayes and Carolina Velarde; Employment Litigation partner Nicholas Pappas; and Employment Litigation associate Omar Abdel-Hamid (Not Yet Admitted in New York).