Caesars Entertainment to Go Private in $17.6 Billion Cash-and-Debt Deal. The Stock Is Rising. -- Barrons.com

Dow Jones
05/28

By Mackenzie Tatananni

Caesars Entertainment has agreed to be taken private by Houston-based Fertitta Entertainment in an all-cash deal valued at $17.6 billion.

Under the terms of the agreement, Caesars shareholders will receive $31 in cash for each outstanding share. The amount represents a 49% premium over the stock's closing price of $20.77 on Feb. 25, the last day before Caesars was rumored to have received a bid from Fertitta.

The deal includes the assumption of about $11.9 billion in outstanding debt, Caesars said. The casino and entertainment company's board has approved the transaction, and is pushing for shareholders to approve the merger agreement, which includes a "go-shop" period through July 11 during which time Caesars may weigh competing proposals.

Shares advanced 2.1% to $29.37 in premarket trading Thursday as S&P 500 futures slipped 0.3%. Trading halted briefly ahead of the announcement.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 28, 2026 07:42 ET (11:42 GMT)

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