Caesars Entertainment Acquired for $6 Billion by Fertitta
Fertitta has agreed to acquire Caesars Entertainment, a Las Vegas Strip icon, in a deal valued at nearly $6 billion. The transaction includes $5.7 billion in cash and assumption of approximately $12 billion in debt, totaling around $17.6 billion. Shareholders will receive $31 per share, representing a 49% premium over the pre-merger price.
Tickers: $CZR