Caesars agrees to Fertitta Entertainment acquisition valued at $17.6bn
Caesars Entertainment said it agreed to be acquired by Fertitta Entertainment in an all-cash transaction valued at about $17.6bn, including approximately $11.9bn of assumed debt. Caesars shareholders would receive $31 per share, and the board unanimously approved the agreement and recommended a shareholder vote in favour. The deal includes a go-shop period through 11 July.
Shareholders face a proposed all-cash acquisition, while the go-shop period leaves room for alternatives before a vote.