22.12.2014 13:52:33

Caesars Entertainment to acquire Caesars Acquisition

NEW YORK (MarketWatch) -- Caesars Entertainment Corp. announced an agreement to acquire Caesars Acquisition Co. in an all-stock deal, which would create a gaming company with a combined $3.2 billion in market capitalization. As part of the agreement, shareholders of Caesars Acquisition will receive 0.664 shares of Caesars Entertainment, which based on Friday's closing prices would be worth $8.96 a share, for each Caesars Acquisition stock they own. That's below Friday's closing price of $9.45 for Caesars Acquisition's stock. Caesars Entertainment shareholders will own 62% of the combined company, while the merged company will be controlled by affiliates of private-equity companies Apollo Global Management and TPG Capital. The acquisition will help support the proposed restructuring of Caesars Entertainment subsidiary CEOC. The shares of Caesars Acquisition and Caesars Entertainment are both halted while the merger news is disseminated. They have lost 22% and 37%, respectively, this year through Friday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Weiter zum vollständigen Artikel bei "Market Watch"

Eintrag hinzufügen

Aktien Top Flop

Geberit 411.90
0.86 %
Nestle 104.20
0.29 %
Sika 162.75
-0.03 %
Alcon 49.77
-0.38 %
The Swatch Grp 201.80
-0.39 %
LafargeHolcim 36.59
-1.93 %
CS Group 8.16
-1.95 %
ABB 17.21
-2.27 %
UBS Group 9.27
-2.40 %
Swisscom 519.60
-4.94 %
Handelswoche beginnt mit deutlichen Pluszeichen | BX Swiss TV

Aktien in diesem Artikel

Finanzen.net News

pagehit