#1
#1 out of 1
business4h ago
Fertitta Entertainment buying out Caesars for $5.7B in cash
- Fertitta Entertainment to acquire Caesars Entertainment in an all-cash deal valued at about $17.6 billion, including debt.
- Caesars shareholders will receive $31 per share in cash under the agreement.
- The deal includes a 49% premium over Caesars' unaffected share price as of February 25, 2026.
- The combined company would integrate Caesars’ casino and digital gaming with Fertitta’s hospitality network.
- Caesars’ board approved the merger and recommended shareholders adopt the agreement.
- Financing will involve Fertitta equity, Caesars debt, and new committed debt facilities from banks.
- The deal still requires Caesars shareholders’ approval and regulatory clearances.
- A go-shop period runs through July 11, 2026, allowing consideration of alternative proposals.
- The transaction could create a large combined network with more than 60 resorts, online gaming, and Landry’s outlets.
- Tilman Fertitta also holds roles as U.S. ambassador to Italy and stakeholder in Wynn Resorts.
- Caesars said its leadership would remain in place post-merger to run the combined group.
Vote 0