Tracinda trims stake in MGM Resorts

• Tracinda trims its position in MGM Resorts (MGM -0.6%) by 10M shares, according to a SEC filing. The block shares is being out offered out at a reported price of $31.40 per share.
• Tracinda, which now holds 57.2M shares, has reduced its exposure to MGM since the death of Kirk Kerkorian in 2015, but is still the top holder of shares.
• SEC Form 4