Caesars Stock Up After Merger Potential
Caesars stock up after merger potential.
Caesars stock is up after Golden Nugget Casinos owner Tilman Fertitta has approached Caesars Entertainment about merging it with his own gaming empire. Caesars shares were up about 7% on this news.
Caesars stock is down year-to-date. After hitting $14.50 on February 1st, Caesars shares are now worth $9.53. CZR stock was halted due to the trading volatility.
(Click on Ad to find out more about service).
News will be developing about this situation. It is unclear whether Caesars will entertain the offer. Tilman Fertitta is contemplating a reverse merger, in which Caesars would be the acquirer.