Caesars Entertainment Corporation (CZR) has been acquired by Eldorado Resorts (ERI) to form a new entity, Caesars Entertainment, Inc., which will continue to trade under the symbol CZR.
Important Update: In a previous message it was stated that all shareholders of Caesars Entertainment will receive 0.0899 shares of Eldorado Resorts (ERI) and $8.40 for every CZR share held. This information has been updated and now all shareholders of Caesars Entertainment as of market close on July 20th, 2020 will receive $12.410268 delivered to their cash balance on July 22, 2020 for every share of “old” CZR held. Fractional shareholders will receive cash proportional to their holdings.
If you have questions regarding corporate actions that affect shares you hold, we recommend contacting the appropriate company’s Investor Relations team, or locating the Investor Relations page on their website for clarification.
Investing involves risk; you may lose money. Brokerage services provided by Cash App Investing LLC, member FINRA/SIPC and a subsidiary of Square, Inc. Past performance of a security or financial product does not guarantee future results or returns. You should consider the risks before investing. For more on the risks of investing see our Disclosure Library.
What this means for shareholders of Fitbit
What this means for Dunkin Brands shareholders