Caesars shareholders approve Fertitta Entertainment acquisition for $17.6bn
By The Weekly Edge desk · · Updated
Summary
Caesars Entertainment shareholders approved Fertitta Entertainment’s proposed $17.6bn acquisition on Tuesday, CDC Gaming reported. The proposed transaction offers shareholders $31 per share in cash and still requires regulatory approval and satisfaction of other closing conditions.
Why it matters
The acquisition would take Caesars private, but shareholder approval leaves regulatory and other closing conditions outstanding.