Caesars Entertainment Inc

NASDAQ:CZR   12:32:30 PM EDT
+4.50 (+4.77%)
Mergers / Acquisitions

Caesars' Possible Cash Offer Values William Hill At About 2.9 Bln Pounds

Published: 09/28/2020 06:25 GMT
Caesars Entertainment Inc (CZR) - Caesars Entrtnmnt William Hill Plc - Statement Regarding a Possible Offer.
Possible Cash Offer William Hill Shareholders Would Be Entitled to Receive: for Each William Hill Share 272 Pence in Cash.
Possible Cash Offer Values Entire Issued and to Be Issued Share Capital of William Hill at Approximately £2.9 Billion.
Caesars is Today Announcing an Equity Capital Raise.
William Hill Board Indicated to Caesars That Possible Cash Offer is at Price They Would Be Minded to Recommend to Shareholders .
Caesars Plans to Use Proceeds of Raise, With Existing Cash & $2.0 Billion of New Non-recourse Debt Facilities, to Fund Possible Offer.