Shareholders have officially approved the Caesars Fertitta Buyout proposal during a special meeting held at the Eldorado Resort Casino in Reno. The decision marks a major milestone for Fertitta Entertainment as it moves forward with its plan to acquire the casino giant. According to documentation filed with the Securities and Exchange Commission, investors overwhelmingly supported the acquisition, clearing one of the largest corporate hurdles in the transaction process. The official vote tallies showed 133,313,001 votes cast in favor of the merger proposal, while 4,276,986 votes were submitted against it. Another 5,687,952 shares were recorded as abstentions. Overall, the affirmative votes…

Caesars Entertainment has scheduled a special shareholder meeting for September 22 to vote on the Caesars takeover proposal submitted by Fertitta Gaming Holdco. The upcoming vote marks a pivotal moment for the casino operator, as approval of the deal would result in taking the major gaming company private. The agreement approved by the board of directors outlines a structure where a subsidiary of Fertitta Gaming Holdco merges with Caesars Entertainment. Under the terms of the transaction, Fertitta offers $31 per share in cash, evaluating the company at a total valuation of $17.6 billion. This sum includes $5.7 billion in equity…

News of a Caesars takeover broke this morning, as the announced broke that the company has agreed to a massive acquisition by Fertitta Entertainment. The deal marks a major shift in the gaming industry, as Fertitta moves to finalize a an all-cash transaction valued at approximately 17.6 billion dollars. The deal includes the assumption of about 11.9 billion dollars in debt, taking one of the largest casino operators in the United States private. Under the terms of the agreement, Caesars shareholders will receive 31 dollars per share in cash. This purchase price represents a 49 percent premium to the unaffected…