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.
Officials say the transaction is expected to be consummated in the first half of 2020 and remains subject to the receipt of all required regulatory approvals, and other closing conditions.
They say holders of over 99 percent of the Eldorado shares that voted on the issuance of shares of Eldorado common stock in connection with transactions contemplated by the merger agreement with Caesars cast their votes in favor, representing approximately 87 percent of Eldorado’s outstanding common stock as of the record date for the Eldorado stockholder meeting.
Officials say holders of over 99 percent of the Caesars shares that voted on the merger cast their votes in favor, representing approximately 76 percent of Caesars’ common stock outstanding and entitled to vote as of the record date for the Caesars stockholder meeting.
They say Eldorado and Caesars stockholders also approved each of the other matters on their respective meeting agendas, including the Eldorado stockholders’ approval of the reincorporation of Eldorado from Nevada to Delaware subject to and promptly following the consummation of the merger.
You can read our original story here.
