Eldorado Resorts to merge with Caesars Entertainment in $17.3-billion deal

U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a $17.3-billion cash-and-stock deal, including debt, the companies said on Monday.

Eldorado’s offer of $12.75 per share represents a premium of about 28 per cent to Caesar’s closing price on Friday and an equity valuation of about $8.54 billion.Caesars, which emerged from bankruptcy in 2017, operates casinos with the Harrah’s and Horseshoe brands.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Who dealt it? NASA rover on Mars detects puff of gas that hints at possibility of lifeScientists are now doing additional experiments on the detection of methane, which on Earth is typically produced by living organisms are you sure that it's not a manned rover on mars. lol who smelt it. Yeah ...it's Cheech and Chong !
Source: nationalpost - 🏆 10. / 80 Read more »