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Topic: carl-icahn

Caesars Palace hotel and casino in Las Vegas
New Markets
Tuesday, 7/7, 07:37 PM

Caesars Shares Rise on a Report That Icahn Has Financing for a Rival Bid

  • Shares of Caesars Entertainment rose after reports that the activist investor Carl Icahn has lined up financing to make a competing offer for the casino group, potentially challenging Tilman Fertitta's agreed $31-a-share, roughly $17.6 billion takeover.
  • A 'go-shop' window that lets Caesars seek higher bids runs until July 11.

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