Two Icahn-backed directors resign from Caesars board as FTC seeks merger information
Jesse Lynn and Ted Papapostolou resigned from the Caesars Entertainment board with immediate effect, according to a company filing. Caesars and Fertitta Entertainment received a second information request from the FTC concerning their proposed merger and have 30 days to respond; completion remains subject to the review period and other agreement conditions.
Investors can track the FTC’s information request as a further step in its review of the proposed merger.