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POTENTIAL DEAL DETAILS
| Stock | Caesars Entertainment Corporation | Symbol | CZR |
| Date Announced | 02/15/2019 | Source | The Wall Street Journal |
| Type | Company Seeking Strategic Alternatives |
| Date of Confirmation: | 06/24/2019 | Price 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.
Update(s):
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.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.