Caesars and Fertitta Entertainment receive FTC second request on merger

RegulationM&A · PartnershipManagement
โดย Seeking Alpha·US·Read original
Summary · why it matters

Caesars Entertainment and Fertitta Entertainment each received a request for additional information from the Federal Trade Commission about their transaction. The companies received the second request on Monday, according to an 8-K filing on Thursday, and Caesars and Fertitta Entertainment intend to continue to work cooperatively with the FTC in its review of the merger. Caesars also announced that Jesse Lynn and Ted Papapostolou will exit Caesars' board effective immediately, with Icahn Group waiving its right to name replacement directors. Caesars holders are scheduled to vote on the deal on Tuesday. Shares of Caesars ticked down by 0.08% on Thursday.

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Consumer Discretionary▼ · 1 stocks
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Off-coverage companies 1

Fertitta EntertainmentPrivate▼ Negative
Regulationrelevance

Fertitta Entertainment received an FTC second request for additional information on its merger with Caesars

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