Caesars Entertainment And Caesars Acquisition Soar Amid Merger News

Shares of both companies soared in pre-market trading amid the news, with Caesars Acquisition Company up over 10 percent and Caesars Entertainment up over 26 percent.

According to the joint press release, “upon completion of the merger and the proposed restructuring of Caesars Entertainment Operating Company, Inc. (CEOC), the merged company will be well capitalized and positioned for sustainable long-term growth and value creation.”

The merger will also support the proposed restructuring of CEOC, a subsidiary of Caesars Entertainment, announced on Friday, to reduce debt and lower interest payments.

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