Now that the number of Caesars Entertainment shares owned by billionaire investor Carl Icahn are known, members of the company’s boardroom are probably breathing a bit easier.
The 88-year-old corporate raider owns a little more than 2.4 million shares in the casino operator, paying just less than $97 million in May, he reported in a 13F filing with the Securities and Exchange Commission last week.
The shares took a hit recently and Icahn’s stock was valued at $90 million as of last week.
Caesars has more than 216 million shares outstanding on the Nasdaq. So Icahn’s roughly 1 percent stake isn’t going to move the company’s needle.
