Wohl & Fruchter renews Caesars deal investigation after $34 bid disclosure
Wohl & Fruchter LLP renewed its investigation into the proposed acquisition of Caesars Entertainment by Fertitta Entertainment after a filing disclosed a $34-per-share cash bid from the Icahn Group during the go-shop period. Caesars’ board supports Fertitta’s $31-per-share offer and recommended it to shareholders, who are scheduled to vote on 22 September, according to the report.
The investigation focuses on whether Caesars shareholders received a fair offer and sufficient information before the vote.