Caesars Entertainment to go private in $17.6 billion Fertitta deal
Caesars Entertainment has agreed to be acquired by Fertitta Entertainment in a deal valued at $17.6 billion. Shareholders will receive $31 per share in cash, representing a 49% premium to the company's stock price before deal rumors emerged in February. The transaction will take Caesars private, ending its public listing. The deal is subject to regulatory approvals and shareholder vote.
Key facts
- Caesars Entertainment is being acquired by Fertitta Entertainment
- Deal valued at $17.6 billion
- Shareholders receive $31 per share in cash
- 49% premium to stock price before February rumors
- Transaction will take Caesars private
- Subject to regulatory approvals and shareholder vote
Entities
Institutions
- Caesars Entertainment
- Fertitta Entertainment
Sources
- Quartz —