Ademi LLP is investigating Caesars (NASDAQ: CZR) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Fertitta Entertainment.
Caesars stockholders will receive $31.00 for each outstanding share in an all-cash transaction valued at approximately $17.6 billion, including the assumption of $11.9 billion of Caesars’ outstanding debt.
Caesars insiders will receive substantial benefits as part of change of control arrangements
The transaction agreement unreasonably limits competing transactions for Caesars by imposing a significant penalty if Caesars accepts a competing bid. We are investigating the conduct of the Caesars board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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