Carl Icahn Backs Eldorado Resorts’ $8.6 Billion Deal for Caesars Entertainment

Eldorado Resorts Inc. is buying Caesars Entertainment Corp. for about $8.58 billion in a deal backed by activist billionaire Carl Icahn that will create the largest U.S. gaming operator. The agreed equity value of $12.75 a share — in a mix of cash and Eldorado stock — represents a premium of about 28% to Caesars’s […]