Caesars Stockholders Approve $6 Billion Merger with Fertitta
Shareholders backed the $17.6 billion deal by more than 133 million votes, but Caesars and Fertitta still need federal antitrust approval.
- On Tuesday, Caesars Entertainment shareholders voted in Reno, Nevada, to approve the merger with Fertitta Gaming, with over 133 million votes in favor and 4 million against, according to a Securities and Exchange Commission filing.
- The deal, first announced in May, holds a total value of about $17.6 billion, with Fertitta agreeing to pay $5.7 billion and assume close to $12 billion in debt from Caesars.
- Billionaire Tilman Fertitta currently owns the Las Vegas Golden Nugget and restaurant chains like Rainforest Cafe and Morton, while holding major stakes in Wynn Resorts and DraftKings.
- If the transaction proceeds, Caesars will become a privately-held company, operating casino resorts across the United States, including Caesars Palace, the Flamingo, and Harrah on the Las Vegas Strip.
- Despite the shareholder approval, Caesars and Fertitta must still complete the federal antitrust review process, which remains the final regulatory hurdle before the merger can officially close.
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Caesars stockholders approve $6 billion merger with Fertitta - Regional Media News
LAS VEGAS (AP) - Caesars Entertainment shareholders have approved a multibillion-dollar merger with Fertitta Gaming that would create one of the largest gaming empires. Caesars has a dominant presence on the Las Vegas Strip, operating hotels like Caesars Palace, the Flamingo and Harrah's. It also [...]
Fertitta’s $17.6B takeover bid approved by Caesars shareholders
Caesars Entertainment Inc. shareholders approved Tilman Fertitta’s proposed $17.6 billion acquisition of the casino company Tuesday, clearing a major hurdle in the deal that would take the casino giant private. The merger proposal received 133,313,001 votes in favor, 4,276,986 against…
Caesars Entertainment shareholders have approved a merger with Fertitta Gaming in Reno, which could create one of the largest gaming empires in the US.
How much will Caesars shareholders receive after Fertitta deal closes?
Caesars Entertainment shareholders on Tuesday voted to approve one of the biggest gaming industry acquisitions in history. Stockholders held a special meeting on Sept. 22 at the Eldorado Resort & Casino in Reno, Nev., to have their say on the casino giant’s $17.6bn merger agreement with Fertitta Entertainment, which was announced and approved by the […]
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