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Tilman Fertitta Strikes $17.6B Deal for Caesars Entertainment
Caesars Entertainment has agreed to be acquired by Fertitta Entertainment in a transaction valued at approximately $17.6 billion, creating one of the largest gaming and hospitality companies in the United States. The companies announced Thursday that Fertitta Entertainment will pay $31 in cash for every outstanding Caesars share while also taking on about $11.9 billion in existing debt. The agreement has already received approval from Caesars’ board of directors, which is recommending that shareholders support the merger. The $31-per-share offer […] The post Tilman Fertitta Strikes $17.6B Deal for Caesars Entertainment appeared first on World Casino News.
Caesars Entertainment has agreed to be acquired by Fertitta Entertainment in a transaction valued at approximately $17.6 billion, creating one of the largest gaming and hospitality companies in the United States. The companies announced Thursday that Fertitta Entertainment will pay $31 in cash for every outstanding Caesars share while also taking on about $11.9 billion in existing debt. The agreement has already received approval from Caesars’ board of directors, which is recommending that shareholders support the merger. The $31-per-share offer […]
The post Tilman Fertitta Strikes $17.6B Deal for Caesars Entertainment appeared first on World Casino News.
