Caesars Considers The Proposal Of Tilman Fertitty About A Merger With Golden Nuggets

At the end of 2018, the owner of golden nuggets tilman fertitta appealed to caesars entertainment with a proposal for confluence. The deal assumed that control over the company will be carried out by golden nuggets representatives.

Caesars politely rejected the proposal, but recently it sems that the company is seriously considering the possibility of merging and transfer of property rights golden nuggets. It is also reported that caesars discusses such an opportunity with one of the key investors, billionaire carla aikan.

Aykan controls 10% of the casino operator shares. According to the latest states of caesars, members of the board are actively discussing the possibility of merging with the investor, who, according to them, adheres to the opinion that this decision corresponds to the interests of the company.

Caesars declares: «in accordance with his fiduciary duties, the board of the company remains open to all reasonable proposals, including those associated with merger».

Karl akan believees the shares operators are undervalued.

«The cost of shares may increase in the case of the company», – adds an investor.

It also became known that aykan sent an application to the us securities and exchange commission (sec) and convened a meeting of members of the board, on which the latners will be able to discuss the prospects for mergers.

Despite the fact that firth did not manage to convince caesars from the first attempt, he does not lose hope. The owner of golden nuggets acquired 4 million shares, which is less than 1% of the total assets of the company.

Recall that caesars aims to the japanese casino industry.