The deal comes more than three months after Caesars agreed to give billionaire investor Carl Icahn three board seats to his representatives and a say on the selection of its next chief executive officer. Shares of Caesars, up 47% this year, rose 11.4% to $14.51 at mid-afternoon, while Eldorado's stock, which has increased 41.4% year to date, fell 13.2% to $44.45. Eldorado has made a series of acquisitions over the past few years including a $1.85 billion deal for Icahn-backed Tropicana Entertainment in 2018 and a $1.7 billion deal for Isle of Capri Casinos in 2017, strengthening its free cash flow and earnings per share.
from Yahoo News - Latest News & Headlines https://yhoo.it/2FuQAs1
from SEO Tech Tips http://bit.ly/2FweweB
Unknown
The deal comes more than three months after Caesars agreed to give billionaire investor Carl Icahn three board seats to his representatives and a say on the selection of its next chief executive officer. Shares of Caesars, up 47% this year, rose 11.4% to $14.51 at mid-afternoon, while Eldorado's stock, which has increased 41.4% year to date, fell 13.2% to $44.45. Eldorado has made a series of acquisitions over the past few years including a $1.85 billion deal for Icahn-backed Tropicana Entertainment in 2018 and a $1.7 billion deal for Isle of Capri Casinos in 2017, strengthening its free cash flow and earnings per share.
from Yahoo News - Latest News & Headlines https://yhoo.it/2FuQAs1
http://bit.ly/2Y8qJNG June 25, 2019 at 05:51AM http://bit.ly/2PTG7bK
No comments:
Post a Comment