Caesars Entertainment Inc

CZR: XNAS (USA)
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Caesars Set to Be Acquired by Fertitta Entertainment

Business Strategy and Outlook

On May 28, Caesars agreed to be acquired by Fertitta Entertainment for $31 per share in cash. The $17.6 billion transaction adds casinos under the Golden Nugget brand to Caesars' existing portfolio of roughly 50 casinos. Caesars' management team is expected to remain with the new company.

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