Caesars shareholders approve Fertitta’s $17.6bn acquisition proposal
Caesars Entertainment shareholders approved Fertitta Entertainment’s proposed acquisition at a special meeting, according to an SEC filing. The merger received 133,313,001 votes in favour and 4,276,986 against, with 5,687,952 abstentions; regulatory and other closing conditions remain. The all-cash deal values Caesars at $17.6bn including debt and offers $31 per share.
Shareholder approval advances the proposed acquisition, but regulatory and other closing conditions remain.