MGM’s Hornbuckle says acquisition by People Inc. a no-go; operator will refocus attention on long-term plans

To start Wednesday’s earnings call, MGM Resorts International President and CEO put a stop to rumors about a possible acquisition by People Incorporated, the operator’s largest shareholder. Hornbuckle stated that People Inc. and an MGM Resorts special committee came to terms on a price, but “People was unable to assem…