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Eldorado Resorts to Buy Caesars Entertainment in $ 17.3B Deal



US .. Casino operator Eldorado Resorts has signed an agreement to buy Caesars Entertainment in a $ 17.3 billion cash and equity agreement, including debt, the companies said Monday.

Eldorado will purchase all outstanding Caesars shares for a total value of $ 12.75 per share, consisting of $ 8.40 per share in cash and 0.0899 shares in the Eldorado shares for each Caesar shareholding share.

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Eldorado and Caesar's shareholders will hold about 51

percent and 49 percent of Change % Chg CZR CAESARS ENTERTAINMENT CORP. 9.99 -0.06 ] -0.60% ERI ELDORADO RESORTS INC 51.22 -1.50 -2.85%

"Eldorado combined with Caesars will create the largest owner and operator of US gaming benefits and is a strategic, financially and operationally convincing opportunity that provides immediate and long-term value to the stakeholders of both companies, "said Tom Reeg, Eldorado CEO." have an extremely powerful package of iconic games and entertainment brands, as well as valuable strategic alliances with industry leaders in sports betting and online games. "

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" This announcement is The culmination of a thorough evaluation of the emperor regime, "said Jim Hunt, Emperor President." The Board unanimously concluded that the combination of these two companies that create an even stronger entity is a decision for our shareholders. assessment and vote for immediate and current value. "

The merged company will retain the name of the emperors.


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