VICI Properties Rejects $19.50/shr Proposal From MGM Growth Properties

(RTTNews) - VICI Properties Inc. confirmed it previously received on January 5, 2018 an unsolicited non-binding, written proposal from MGM Growth Properties LLC (MGP) for MGP to acquire all of the outstanding shares of common stock of the Company for $19.50 per share in the form of MGP share.

VICI Properties, in consultation with its financial and legal advisors, carefully and thoroughly reviewed MGP's unsolicited and non-binding proposal, following which VICI Properties' Board of Directors unanimously determined that pursuing it was not in the best interests of the Company and its stockholders.