We are investigating the fairness of the proposed sale of Caesars Entertainment, Inc. (Nasdaq: CZR) (“CZR”) 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 CZR board of directors acted in the best interests of CZR shareholders in recommending the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the sale price is fair to CZR shareholders, and whether all material information regarding the transaction has been fully disclosed, including all conflicts.”
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.