Investment firm sells stake in MGM

Tuesday, Feb. 22, 2000 | 10:35 a.m.

Capital Research & Management Co., a Los Angeles investment advisory firm, reported the sale of its stake in MGM Grand Inc.

Last week, the firm reported it held no shares in a filing with the Securities and Exchange Commission. One year ago, Capital held 3.65 million shares, a 5.76 percent stake.