UPDATE
We have renewed our investigation into the fairness of the proposed sale of Caesars Entertainment, Inc. (Nasdaq: CZR) (“Caesars”) for $31.00 per share in cash to Fertitta Entertainment.
We originally launched our investigation because the sale price is well below the prices targets of multiple Wall Street analysts before the deal was announced. See the bulleted list below.
We have renewed our investigation of the proposed sale after further review of the definitive proxy filed by Caesars with the SEC on August 25, 2026, soliciting Caesars stockholders to approve the proposed sale at a vote presently scheduled for September 22, 2026.
Among other things, the proxy provided details concerning the discussions between the Caesars board and the Icahn Group after the Icahn Group submitted a bid of $34.00 per share in cash during the go-shop period.
If you remain a CZR shareholder and have concerns about the fairness of the sale price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
ORIGINAL ANNOUNCEMENT
We are investigating the fairness of the proposed sale of Caesars Entertainment, Inc. (Nasdaq: CZR) (“Caesars”) for $31.00 per share in cash to Fertitta Entertainment.
The sale price is well below the price targets of multiple Wall Street analysts before the deal was announced, including:
- Steven Pizzella of Deutsche Bank ($35.00 price target)
- Daniel Politzer of J.P. Morgan ($35.00 price target)
- Steven Wieczynski of Stifel Nicolaus ($35.00 price target)
- Lance Vitanza of TD Cowen ($35.00 price target)
“We are investigating whether the Caesars board of directors acted in the best interests of Caesars shareholders in recommending the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the sale price is fair to Caesars shareholders, and whether all material information regarding the transaction has been fully disclosed, including all conflicts.”
If you remain a Caesars shareholder and have concerns about the fairness of the sale price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.