Deal snapshot: NEW JERSEY CASINO CONTROL COMMISSION CLEARS MERGER OF CAESARS ENTERTAINMENT, CAESARS ACQUISITION.
MANews-(C)2009-2017
The New Jersey Casino Control Commission this week granted the necessary regulatory approvals required for Las Vegas, US-based casino operator Caesars Entertainment Corp.'s (NASDAQ: CZR) proposed merger with special acquisition vehicle Caesars Acquisition Company (NASDAQ: CACQ), the company said.
In addition to regulatory approvals, the merger of CAC with and into Caesars Entertainment is subject to approval by stockholders of both companies and other customary closing conditions. CEOC's restructuring is subject to the completion of the merger, certain financing activities and other customary closing conditions. In addition to New Jersey, the companies have received approvals from gaming authorities in Indiana, Pennsylvania...
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