Last year, Tilman Fertitta, owner of restaurant company Landry’s Inc. and the NBA’s Houston Rockets, offered $13 a share in cash and stock for the company.
In January, activist / investor Carl Icahn built a 10% stake in Caesars Entertainment Corp. Now Icahn’s is pushing for a sale of the company after Caesars rejected a merger approach by Tilman Fertitta.
The activist investor said in a filing with the Securities and Exchange Commission that he wants representation on Caesars’ board and for the company to refrain from immediately appointing a new CEO.
Caesars’ stock is undervalued and the best way
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