Caesars Entertainment Corp. is inching closer to a deal to finance the reorganization of its bankrupt operating unit and end two years of rancorous court battles that embroiled the casino giant and its ...
Caesars Entertainment Corp. is getting closer to a deal to finance the reorganization of its bankrupt operating unit and end two years of rancorous court battles that embroiled the casino giant and its ...
Shares of Caesars Entertainment Corp (CZR.O) slid on Friday as creditors thrashed out the terms of a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. Creditors have alleged that the parent and its private equity owners looted the subsidiary of its best casinos, leaving it unable to pay $18 billion of debt and sparking protracted legal fights. The latest offer from Caesars and private equity firms Apollo Global Management (APO.N) and TPG Capital Management [TPG.UL] would add $1.6 billion for hold-out junior creditors in exchange for them dropping legal claims worth billions of dollars.
Caesars Entertainment Corporation (CZR)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||9.50 x 100|
|Ask||11.00 x 200|
|Day's Range||9.01 - 9.68|
|52wk Range||5.39 - 10.84|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-0.42|
|Avg Vol (3m)||1,064,603|
|Dividend & Yield||N/A (N/A)|