04:09 PM EST - MI Developments Inc. : announced that it has received a proposal from Minor Racing, LLC to acquire from MID for a price in the range of $150 million to $170 million the following assets of MID: Santa Anita Park, Golden Gate Fields, The Maryland Jockey Club, Portland Meadows, AmTote and XpressBet. Minor Racing also proposed to acquire Gulfstream Park and all of MID's other Florida racing related assets, for an additional $150 million, although the proposal is not conditioned on the inclusion of these assets. MI Developments Inc.
shares T.MIM.A are trading up $0.70 at $16.71.
