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Fertitta’s $17.6B takeover bid approved by Caesars shareholders - Las Vegas Review-Journal

Caesars stockholders approved a takeover bid from Tilman Fertitta. A U.S. Securities and Exchange Commission filing from Wednesday shows the merger proposal passed with 133,313,001 votes in favor, 4,276,986 against and 5,687,952 abstentions. While most sources value the deal at $17.6 billion, one report lists the merger at $6 billion. The vote took place on Tuesday, clearing a major hurdle for Fertitta to acquire the gaming company.

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  • ✓ Caesars stockholders approved Tilman Fertitta's buyout bid.
  • ✓ The merger proposal received 133,313,001 votes in favor, 4,276,986 against and 5,687,952 abstentions according to a Wednesday SEC filing.
  • ✓ Shareholders voted on the deal on Tuesday.
🛡️ Source Corroboration: 5 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Shareholders voted on Tuesday and approved the takeover bid.

Live updates

  1. Caesars shareholders approve Tilman Fertitta buyout

    Caesars stockholders approved a takeover bid from Tilman Fertitta. A U.S. Securities and Exchange Commission filing from Wednesday shows the merger proposal passed with 133,313,001 votes in favor, 4,276,986 against and 5,687,952 abstentions. While most sources value the deal at $17.6 billion, one report lists the merger at $6 billion. The vote took place on Tuesday, clearing a major hurdle for Fertitta to acquire the gaming company.

    Why it matters

    Tilman Fertitta is the buyer in this acquisition of Caesars. The deal shifts ownership of one of the largest gaming operators in the United States. Questions now remain regarding the impact of the buyout on Caesars employees.

    What is confirmed

    • Caesars stockholders approved Tilman Fertitta's buyout bid.
    • The merger proposal received 133,313,001 votes in favor, 4,276,986 against and 5,687,952 abstentions according to a Wednesday SEC filing.
    • Shareholders voted on the deal on Tuesday.

    Still unconfirmed

    • The value of the buyout is $17.6 billion.
    • The value of the merger is $6 billion.

    What to watch next

    • Official confirmation of the final purchase price
    • Announcements regarding the future of Caesars employees
    Sources used for this update (6)
    1. ABC News - Breaking News, Latest News and Videos — Caesars stockholders approve $6 billion merger with Fertitta
    2. FOX5 Vegas — Caesars stockholders approve $17.6 billion Fertitta buyout
    3. Las Vegas Review-Journal — Caesars shareholders vote Tuesday on Tilman Fertitta’s $17.6B deal. What to know
    4. Las Vegas Review-Journal — Fertitta’s $17.6B takeover bid approved by Caesars shareholders
    5. KSNV — After shareholders approve Fertitta buyout, what is next for Caesars employees?
    6. azdailysun.com — Fertitta’s $17.6B takeover bid approved by Caesars shareholders
    confidence 90%
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