Daily Stock Setups

Metro-Goldwyn-Mayer Seeks Buyer

Posted on: Sat, 14 Nov 2009 10:36:00 EST

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Nov 14, 2009 (SmarTrend(R) News Watch via COMTEX) --
-- 11/14/2009-Embattled move studio Metro-Goldwyn-Mayer, which is home to classics like James Bond and Pink Panther franchises, said it was looking for a buyer.

The company said late Friday that it had begun to debate other possible strategic options, which included a "potential sale of the company."

According to the firm's statement, its lenders had agreed to grant the company leniency until January 31 from payments on its $4 billion in debt.

Write to Chip Brian at cbrian@tradethetrend.com

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