MGM/UA filed a proxy statement with the SEC.
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MGM/UA Entertainment picked March 3 as the latest date for a special stockholders meeting to approve the $1.25-billion acquisition of the company by Turner Broadcasting System. The date was shown on a proposed proxy statement filed with the Securities and Exchange Commission. Sources said the proxy would be mailed this weekend if, as expected, it is cleared by the SEC in time. There is no question about the proposal being approved because controlling stockholder Kirk Kerkorian has given a proxy to Turner to vote his 50.1% of MGM’s shares.
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