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MGM files for possible IPO

MGM was founded in 1924 and is behind classic films including Gone with the Wind and West Side Story

MGM Holdings, the parent of film studio Metro-Goldwyn-Mayer, is planning a possible public stock offering, the company said in a brief statement, offering few details about what it called a "confidential" filing with the Securities and Exchange Commission.

In the statement, issued late Tuesday, the company gave neither a timeline nor any terms for the potential IPO. An MGM spokeswoman declined to comment further.

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