Caesars Entertainment Corp (CZR)

[tedkov]

Caesars Shareholders File Lawsuit Over Merger Bid - (via Business Journal)
September 19, 2019
Tags: Caesars Eldorado United States Corporate Affairs Mergers &Acquisitions

A group of Caesars Entertainment Corporation shareholders are attempting
to block the purchase of the company by Eldorado Resorts, Inc.
The shareholders allege that the purchase price of $8.40 per share in cash and 0.0899 shares of Eldorado common stock for each share of Caesars common stock is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management of Caesers obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.

Caesers did not immediately respond to requests for a comment.

To contact the law firm on behalf of shareholders of
Caesers for more information as to how you can participate at no cost or expense call toll free 800.511.7037
or [e-mail]

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