Caesars Takeover Vote Scheduled
Caesars Entertainment has scheduled a special shareholder meeting for September 22 to vote on the Caesars takeover proposal submitted by Fertitta Gaming Holdco. The upcoming vote marks a pivotal moment for the casino operator, as approval of the deal would result in taking the major gaming company private. The agreement approved by the board of directors outlines a structure where a subsidiary of Fertitta Gaming Holdco merges with Caesars Entertainment. Under the terms of the transaction, Fertitta offers $31 per share in cash, evaluating the company at a total valuation of $17.6 billion. This sum includes $5.7 billion in equity... The post Caesars Takeover Vote Scheduled appeared first on This Week in Gambling.
Caesars Entertainment has scheduled a special shareholder meeting for September 22 to vote on the Caesars takeover proposal submitted by Fertitta Gaming Holdco. The upcoming vote marks a pivotal moment for the casino operator, as approval of the deal would result in taking the major gaming company private. The agreement approved by the board of directors outlines a structure where a subsidiary of Fertitta Gaming Holdco merges with Caesars Entertainment. Under the terms of the transaction, Fertitta offers $31 per share in cash, evaluating the company at a total valuation of $17.6 billion. This sum includes $5.7 billion in equity...
The post Caesars Takeover Vote Scheduled appeared first on This Week in Gambling.
