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84 each Tuesday on the New York Stock Exchange, up 14 cents " Last week, Yemenidjian said that MGM was still in the running for VUE, but had decided that it would return some wealth to its shareholders if it was not the successful bidder Vivendi Universal Entertainment includes Universal Studios, cable channels such as the USA Network and the Sci-Fi Network, as well as Universal's theme parks and television production business " MGM shares closed at $12 "We are not prepared to overpay for VUE or any other assets for that matter," he told analysts during MGM's second quarter earnings conference call Viacom is also said to be interested in parts of VUE, although Vivendi has said it prefers to sell the assets as a group On Tuesday, Kerkorian said he intends to buy 10 million MGM shares and his Tracinda Corp 70 MGM Withdraws $11 "The VUE assets are attractive and would fit well with MGM," Alex Yemenidjian, MGM's chairman and chief executive officer said in a statement "Unfortunately, meeting the seller's current price expectation would not be consistent with our valuation of the assets 5 billion cash bid for Vivendi Universal's entertainment assets, saying Vivendi's asking price was too high Vivendi had already rejected MGM's bid as too low, even though the company was offering the highest all-cash bid and recently raised its offer by $300 million Other bidders for VUE include John Malone's Liberty Media, General Electric's NBC and a group led by former Universal owner Edgar Bronfman Jr "We believe that recent trading prices of MGM's common stock do not reflect MGM's full value and that the stock represents an attractive investment," Kerkorian said in a statement will buy 5 million 5B Bid for Vivendi Jul 29, 4:19 PM EST Metro-Goldwyn-May er has withdrawn its $11 Top executives at Paris-based Vivendi Universal met with MGM executives Monday and told them they would not accept a bid below $14 billion, according to a source familiar with the talks The $16 per share offer represents a 28 percent premium over MGM's Monday closing price of $12 At the same time, MGM's primary shareholder, billionaire Kirk Kerkorian, said he will spend up to $240 million to buy up to 15 million MGM shares, raising his stake in the company to 73 percent "This tender offer demonstrates our confidence in MGM and our commitment to the company's future com/i/rt_str-e msn com/i/rt_str-e gif" width="300" height="250" alt="Click here!" border="0" /><script src="http://amch com/i/rt_str-e msn net/ads/3980/0000003980_000000000000000098626 com%2fmovies%2farticle com/i/rt_0 gif" alt="" height="15" width="16" border="0"><img id="ctrlRateNews_128618_RTS4" class="ib" onMouseOver="RMOv(this);" onFocus=RMOv(this); 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