Based on the preliminary count, subject to final verificationand conditional tenders, 101.9 million shares of MGM Mirage commonstock were tendered, including 19.2 million shares that weretendered through Notices of Guaranteed Delivery. Once the resultsare verified, the depositary will issue payment for the sharesvalidly tendered and accepted under the joint tender offer and willreturn all other shares tendered. The per-share purchase price is$80, which equates to a total purchase price of $1.2 billion.

InJanuary, the duo increased their joint Dutch tender offerto 15 million shares from 10 million shares and set the price at$80, which was the top end of the range announced one week earlier.The price is 20% higher than MGM Mirage's closing share price onTuesday, Jan. 15, and 12% higher than yesterday's closing price of$70.37. Shares were down to $66.72 in noontime trading Friday.

As of Jan. 15, the 15-million-share acquisition goal representedapproximately 5.1% of total shares and 12.5% of the free float,which is the number of unrestricted shares not held by large ownerslike Kirk Kerkorian (Tracinda Corp.), who as of early Januarycontrolled 52.4% (153.8 million) of MGM's outstanding shares.Kerkorianin December sold Dubai World five million shares of MGMstock via his charity, the Lincy Foundation, but has said he willnot tender any shares as part of this upcoming offering.