MGM Mirage, Dubai World to boost tender offer to 15 million shares at $80 each

Casino operator MGM Mirage Inc. will announce Wednesday that it is increasing its joint tender offer with Dubai World for MGM Mirage shares by 50 percent to 15 million, and it is setting the price at $80 (euro53.74), an executive said.

The revised tender offer, at a 20 percent premium over the stock's most recent closing price, came after a MGM Mirage board meeting Tuesday in which directors discussed surging revenues due to the weak U.S. dollar, President Jim Murren said.

"We're a beneficiary to the degree that America's on sale," Murren, also the company's chief operating officer, told The Associated Press. "There is a significant, very …