Eldorado Resorts Set To Merge With Caesars In $18 Billion Deal
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Officials with Eldorado Resorts, Inc. announced that the Federal Trade Commission (FTC) has accepted a proposed consent order, which concludes the FTC’s Hart-Scott-Rodino review of Eldorado’s pending merger with Caesars Entertainment Corporation.
Eldorado Resorts, Inc. and Caesars Entertainment Corporation have announced that at two separate meetings of stockholders on Friday, their respective stockholders approved certain actions in connection with Eldorado's acquisition of Caesars.
Reuters is reporting that Eldorado Resorts has agreed to merge with Caesars Entertainment in a $18 billion deal. They say this is after they reported three months ago that Caesars had agreed to give Eldorado access to its books under pressure from investor Carl Icahn. Reuters says the deal is expected to be announced Monday and values Caesars at close to $13 a share. They say the combined company's ownership would be split roughly between Eldorado and Caesars shareholders.
