Caesars Entertainment shareholders approved Tilman Fertitta’s $31-per-share cash offer, with 65.4% of outstanding shares voting in favor on Sept. 22. The FTC has issued a second request for information, which could add months to review; regulatory clearance is still pending.
The FTC’s second request seeks more information; it is not a lawsuit to block the deal. Caesars and Fertitta said they would cooperate. The acquisition would make Caesars a wholly owned subsidiary, with CEO Tom Reeg and the existing leadership team remaining in place.
Fertitta would assume nearly $12 billion in debt as part of the deal. Because he already controls Golden Nugget and other hospitality assets, the FTC could examine overlap in gaming and regional markets. The article says asset-sale demands or a challenge could prolong the process, weaken the deal’s economics or prevent it from closing.
