Caesars Entertainment Corporation
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CAESARS MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF CAESARS ENTERTAINMENT CORPORATION IS FAIR TO SHAREHOLDERS – CZR
June 24, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Caesars Entertainment Corporation (NASDAQ: CZR) to Eldorado Resorts Inc. (“Eldorado”) is fair to Caesars shareholders. On behalf of Caesars shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
On November 1, 2018, Oppenheimer set a target price for Caesars at $15.00 per share. The Caesars merger investigation concerns whether Caesars and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Caesars shareholders; (2) determine whether Eldorado is underpaying for Caesars; and (3) disclose all material information necessary for Caesars shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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