Exclusive: Eldorado Resorts, Caesars explore merger - sources

REUTERS: U.S. casino operators Eldorado Resorts Inc and Caesars Entertainment Corp are in the early stages of exploring a merger, people familiar with the matter said on Sunday.

Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialize or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential. "The universe of buyers is limited, and Eldorado is best suited to extract full value from Caesars' assets in our view," Roch Capital Partners analysts wrote in a March 6 research note.

Last year, Caesars rejected a merger approach by Tilman Fertitta, the billionaire owner of Golden Nugget casinos. That deal would essentially have been structured as an acquisition by Caesars given its larger size. Fertitta has not submitted any new offer for Caesars this year, according to the sources.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank on Sunday was set to announce merger talks with Commerzbank , according to a person with knowledge of the matter.
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

Two top shareholders skeptical of Deutsche-Commerzbank merger: sourcesShares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

Germany's Verdi union opposed to Deutsche-Commerzbank mergerGermany's Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

Europe: Shares rebound, helped by bank merger talk[MILAN] European shares had their best day in four weeks on Monday, rebounding from three straight sessions in the red thanks notably to merger chatter in the battered banking sector, which help offset worries over a slowdown in the global economy. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »

Merger speculation boosts shares in Deutsche and CommerzbankShares in Deutsche Bank and Commerzbank traded higher on Monday as German business warmed to the prospect of a tie-up between the country's two ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »