Caesars and Fertitta receive FTC requests for more merger information
Caesars Entertainment and Fertitta Entertainment each received a second request from the US Federal Trade Commission for information and documents concerning their proposed merger, Caesars said in a filing. The companies have 30 days to respond. Caesars also disclosed that two board members appointed at Carl Icahn’s request had stepped down, and that the Icahn Group waived its right to name replacements.
Investors can monitor the FTC information request and board changes as the proposed merger undergoes review.