Caesars Entertainment Inc. (NASDAQ:CZR) said Thursday it agreed to be acquired by Fertitta Entertainment Inc. in an all-cash transaction valued at about $17.6 billion, including the assumption of roughly $11.9 billion in outstanding debt.
Deal Offers Nearly 50% Premium To Caesars Entertainment Shareholders
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Under the agreement, Caesars shareholders will receive $31 in cash for each share they own. The offer represents a 49% premium to Caesars' unaffected closing price on Feb. 25, 2026, the last trading day before reports of a potential deal surfaced. It also reflects a 46% premium to the company's 30-day volume-weighted average price as of the same date.
Caesars' board unanimously approved the transaction and recommended shareholders vote in favor of the merger.
