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Big Law

Eldorado Agrees to Buy Caesars for About $8.7B

Eldorado Resorts Inc. agreed to buy Caesars Entertainment Corp. for about $8.7 billion in cash and stock, according to a person familiar with the situation. The deal values Caesars at about $13 a share, according to the source. Including assumed Caesars debt, the transaction would be valued at about $18 billion. The combined entity will be split almost equally between shareholders of both companies, the person said, adding that the deal will be announced Monday.

Read the source article at Yahoo Finance

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