By SectorWire desk ·
Fertitta Entertainment executives have discussed the timetable for their proposed Caesars acquisition with Nevada regulators. Financing, antitrust clearance, licensing and shareholder consent remain obstacles to closing.
The proposed acquisition still faces financing and regulatory and shareholder approval requirements.
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The acquisition would take Caesars private, but shareholder approval leaves regulatory and other closing conditions outstanding.
Caesars investors have approved the proposed acquisition by Tilman and Paige Fertitta, advancing the purchase of the casino operator.
Renewed examination by Wohl & Fruchter concerns Fertitta Entertainment’s proposed Caesars acquisition at $31 per share.
Caesars shareholders will vote on Fertitta Entertainment’s proposed takeover at the shareholder meeting on 22 September.
Caesars shareholders will vote on Fertitta Entertainment’s proposed takeover, which would take the company private.
The competing offer gives Caesars an alternative bid above Fertitta’s proposed price.