Merger Spreads › Deal guides › CZR

Caesars Entertainment, Inc. (CZR) is being acquired by Fertitta Gaming Holdco, LLC for $31.00 a share in cash

Generated automatically from SEC filings · last checked 2026-10-18 ·

Cash per share$31.00paid at closing
Market price—loading…
Spread—gap to the cash price
Shareholder voteApproved (Sep 23)per the 8-K vote results
Expected close—not stated

In one paragraph

Caesars Entertainment, Inc. (CZR) agreed to be acquired by Fertitta Gaming Holdco, LLC for $31.00 per share in cash. Unlike a tender offer, this deal needs a shareholder vote: shareholders approved it (reported September 23, 2026). At closing, each share is converted into the right to receive the cash, paid through your broker.

What can a shareholder do?

1. Vote and wait

Vote your shares (by proxy, before the meeting). If the merger closes, the cash is paid to your broker account automatically; you do not need to tender anything.

2. Sell on the market

You get the market price now, usually a little below the cash price (the spread above), without waiting for closing.

3. Appraisal rights

Holders who do not vote in favour may be able to ask a court to value their shares. It is slow and costly; the proxy explains the steps.

General information, not advice. Taxes: a cash buyout is generally treated like a sale of your shares; check your own situation.

What could go wrong?

Sources

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