• Carl Icahn Backs Eldorado Resorts' $8.6 Billion Deal for Caesars Entertainment

    4 monthes ago - By Fortune

    Eldorado Resorts Inc. is buying Caesars Entertainment Corp. for about $8.58 billion in a deal backed by activist billionaire Carl Icahn that will create the largest U.S. gaming operator.
    The agreed equity value of $12.75 a share - in a mix of cash and Eldorado stock - represents a premium of about 28% to Caesars's Friday closing price. Including debt, the deal is worth approximately $17.3 billion, the companies said in a statement.
    Caesars shares rose 13% to $11.25 in pre-market trading as of 8:06 a.m. in New York. Eldorado dropped 6.8%.
    Casino and hotel operator Caesars had been pushed to...
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  • Eldorado is buying Caesars to form America's largest casino business

    4 monthes ago - By Stl Today

    Eldorado Resorts is buying Caesars Entertainment to create the largest gaming company in the United States.
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  • Caesars Entertainment being acquired by Eldorado Resorts in $17.3B deal

    4 monthes ago - By Review Journal

    Reno-based Eldorado Resorts will acquire Caesars Entertainment in one of the largest casino industry deals in years.
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  • Caesars surges as Eldorado Resorts agrees to buy the casino operator for $8.6 billion in a deal backed by Carl Icahn

    Caesars surges as Eldorado Resorts agrees to buy the casino operator for $8.6 billion in a deal backed by Carl Icahn

    4 monthes ago - By Business Insider

    Shares of Caesars Entertainment rose as much as 12% in early trading on Monday after Eldorado Resorts agreed to buy the casino operator in a cash and stock deal worth a total of $17.3 billion.
    Eldorado will pay $8.58 billion and assume Caesars' $8.8 billion in debt.
    The combined company will be the largest gaming operator in the US, exceeding the size of of Las Vegas Sands and MGM Resorts .
    Watch Caesar's trade live.
    The list of major casino operators in the US just got smaller.
    Caesars Entertainment climbed as much as 12% in early trading on Monday after Eldorado Resorts agreed to pay...
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  • Caesars surges as Eldorado Resorts agrees to buy the casino operator for $8.6 billion in a deal backed by Carl Icahn

    Caesars surges as Eldorado Resorts agrees to buy the casino operator for $8.6 billion in a deal backed by Carl Icahn

    4 monthes ago - By Business Insider

    Shares of Caesars Entertainment rose as much as 12% in early trading on Monday after Eldorado Resorts agreed to buy the casino operator in a cash and stock deal worth a total of $17.3 billion.
    Eldorado will pay $8.58 billion and assume Caesars' $8.8 billion in debt.
    The combined company will be the largest gaming operator in the US, exceeding the size of of Las Vegas Sands and MGM Resorts .
    Watch Caesar's trade live.
    The list of major casino operators in the US just got smaller.
    Caesars Entertainment climbed as much as 12% in early trading on Monday after Eldorado Resorts agreed to pay...
    Read more ...

     

  • Carl Icahn Backs Eldorado Resorts' $8.6 Billion Deal for Caesars Entertainment

    4 monthes ago - By Fortune

    Eldorado Resorts Inc. is buying Caesars Entertainment Corp. for about $8.58 billion in a deal backed by activist billionaire Carl Icahn that will create the largest U.S. gaming operator.
    The agreed equity value of $12.75 a share - in a mix of cash and Eldorado stock - represents a premium of about 28% to Caesars's Friday closing price. Including debt, the deal is worth approximately $17.3 billion, the companies said in a statement.
    Caesars shares rose 13% to $11.25 in pre-market trading as of 8:06 a.m. in New York. Eldorado dropped 6.8%.
    Casino and hotel operator Caesars had been pushed to...
    Read more ...

     

  • Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

    4 monthes ago - By Reuters

    Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts.
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  • Bristol to divest Celgene's psoriasis treatment in FTC clearance push

    4 monthes ago - By Reuters

    Bristol-Myers Squibb Co said on Monday it would divest Celgene Corp's psoriasis treatment Otezla as the companies look to gain approval for their $74 billion deal from the U.S. Federal Trade Commission .
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  • Eldorado Resorts to Merge With Caesars in $17 Billion Casino Deal

    4 monthes ago - By NY Times

    The cash-and-stock deal would create the country's largest casino operator, the companies announced.
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  • Eldorado buying Caesars in $17.3B cash-and-stock deal

    4 monthes ago - By Chron

    LAS VEGAS - Eldorado Resorts is buying Caesars in a cash-and-stock deal valued at $17.3 billion, creating a casino giant.
    The deal Monday puts about 60 casinos and resorts in 16 states under a single name.
    Eldorado will pay $8.40 per share in cash and 0.0899 shares of Eldorado stock for each Caesars share, or $12.75 per share.
    The combined business will be called Caesars and its shares will be traded on the Nasdaq stock market.
    Shareholders of Eldorado Resorts Inc. will hold about 51% of the company's outstanding stock, with Caesars Entertainment Inc. shareholders holding the remaining and...
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  • Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal

    4 monthes ago - By Reuters

    U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.
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  • Eldorado Resorts to buy Caesars Entertainment in $17.3 billion deal

    4 monthes ago - By Reuters

    U.S. casino operator Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.
    Read more ...