According to WSJ, Carl Icahn is pushing Caesars Entertainment (CZR) to explore a sale.

  • February 15, 2019


StockCaesars Entertainment CorporationSymbolCZR
Date Announced02/15/2019Source The Wall Street Journal
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 06/24/2019Price at Confirmation: $11.44
Potential Profit: 22.88%Annualized Profit: 64.73%

Activist investor Carl Icahn plans to push management of casino operator Caesars Entertainment (CZR) to sell the company after it received at least two offers.


February 19, 2019: Carl Icahn disclosed a new stake in Caesars Entertainment Corp. (CZR)  and called for the casino operator to consider a sale.

March 18, 2019: U.S. casino operators Eldorado Resorts Inc (ERI) and Caesars Entertainment Corp (CZR) are in the early stages of exploring a merger, people familiar with the matter said on Sunday.

April 14, 2019: Caesars Entertainment Corp. (CZR) is preparing to name Anthony Rodio as its next chief executive and say it will evaluate takeover interest in the casino operator, people familiar with the matter said.

April 16, 2019: Facing pressure from activist investor Carl Icahn, the board of Caesars Entertainment Corp. (CZR) named a new chief executive and is forming a committee to review whether it should remain a stand-alone company.

June 06, 2019: Caesars Entertainment Corp. (CZR) is nearing a deal to combine with rival casino operator Eldorado Resorts Inc. (ERI), according to people familiar with the matter.

June 24, 2019: U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp (CZR) in a cash and stock deal that values its peer at about $18 billion including debt, people familiar with the matter said on Sunday.

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