Caesars Stock Is Still Below Fertitta’s $31 Bid — Here’s What Traders Are Watching
Caesars Entertainment agreed to be acquired by Fertitta Entertainment for $31 a share in cash, valuing the company at $17.6 billion including $11.9 billion of debt. Caesars traded at $29.08 before the U.S. market open, about 6% below the offer. A go-shop period runs through July 11 for rival bids. Regulatory approval remains a key hurdle.