BUZZ-Caesars Entertainment gains on Fertitta's nearly $18 billion takeover deal

Caesars Entertainment, Inc.

Caesars Entertainment, Inc.

CZR

0.00

** Shares of Caesars Entertainment CZR.O up more than 2% at $29.40 premarket

** CZR enters into an agreement to be acquired by Tilman Fertitta-owned firm in a $17.6 billion deal

** The deal includes the assumption of approximately $11.9 billion of Caesars' outstanding debt

** Fertitta, the U.S. ambassador to Italy and San Marino and owner of Fertitta Entertainment, offered $31 per share for the company

** Caesars merged with Eldorado Resorts in 2020, after activist investor Carl Icahn built a stake and pushed for a sale

** CZR controls more than 50 casinos across North America, including Caesars Palace, Harrah's and Eldorado

** As of last close, stock up 23% YTD


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