Caesars Entertainment Inc. shareholders voted Tuesday to consider whether to approve Tilman Fertitta’s proposed $17.6 billion acquisition of the casino company.
The proposed transaction would pay Caesars shareholders $31 per share in cash. The approximately $17.6 billion transaction value includes about $11.9 billion of Caesars’ debt.
The company had not announced the shareholder vote results as of publication. Caesars is required to file the final voting results with the U.S. Securities and Exchange Commission within four business days of the meeting.
Shareholders of record as of Aug. 21 were eligible to vote. The merger requires approval from holders of a majority of all outstanding Caesars shares, not simply a majority of shares represented at the meeting.
