Fertitta Entertainment Agrees to Acquire Caesars Entertainment
LAS VEGAS & RENO, Nevada—Caesars Entertainment, Inc. announced that it entered into a definitive agreement to be acquired by Fertitta Entertainment, Inc. in an all-cash transaction valued at approximately $17.6 billion, including the assumption of approximately $11.9 billion of Caesars’ outstanding debt. Under the terms of the agreement, Caesars shareholders will receive $31.00 in cash for each outstanding Caesars share. The consideration represents a 49 percent premium over Caesars’ unaffected share price as of February […]
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