M&A
confidence high
sentiment positive
materiality 0.70
Caesars shareholders approve $31/share merger with Fertitta Gaming
Caesars Entertainment, Inc.
- Merger approved: 133.3M votes for, 4.3M against, 5.7M abstain = 65.4% of outstanding shares.
- Each share to convert to $31.00 cash; +$0.007150/day if closing after June 26, 2027.
- Advisory say-on-golden-parachute compensation proposal approved: 127.7M for, 9.5M against.
- Adjournment proposal moot due to sufficient votes; quorum at 70.3% of shares.
- Closing pending regulatory and other conditions; merger sub of Fertitta Gaming Holdco.