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Tuff-Stuff

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Tuff-Stuff

Re: Tuff-Stuff post# 554838

Monday, 12/22/2014 6:12:28 AM

Monday, December 22, 2014 6:12:28 AM

Post# of 648882
Caesars Entertainment (NASDAQ:CZR) plans to buy affiliate Caesars Acquisition (NASDAQ:CACQ) in a stock-for-stock merger, the WSJ reports.
The acquisition, to be announced as soon as today, would better position Caesars Entertainment to restructure the $18.4B debt load of its largest subsidiary - Caesars Entertainment Operating Company.
Based on Friday's closing share price, Caesars Acquisition is valued at $1.3B.

Pray for A Pain Free Day!

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