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Caesars Entertainment Enters Into Agreement to Be Acquired by Fertitta Entertainment

$CZRPress releaseMay 28, 2026, 7:00 AM ETRead the release

Caesars Entertainment has entered a definitive agreement to be acquired by Fertitta Entertainment in an all-cash deal valued at approximately $17.6 billion. Shareholders will receive $31.00 per share, representing a 49% premium to the unaffected share price as of February 25, 2026. The transaction includes the assumption of $11.9 billion in Caesars debt. The deal is subject to shareholder approval and regulatory clearances, with a go-shop period ending July 11, 2026.

Key figures

Deal Value Usd
17600000000
Offering Price
31
Assumed debt
11900000000
Premium to 30 day vwap
46%
Carano family ownership
5%
Premium to unaffected price
49%

AI analysis

Red flags4 · Pro

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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.