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MarketBeat
MarketBeat
Jennifer Ryan Woods

Caesars Surges on Buyout Buzz. Should Investors Take the Bet?

Caesars Tilman Fertitta MGM WYNN MarketBeat

In Las Vegas, there’s always a new bet to make, and lately, investors are wagering on takeover speculation surrounding Caesars Entertainment Inc. (NASDAQ: CZR). Reports have been swirling that billionaire Tilman Fertitta is in talks to acquire the casino giant in a deal that could value the company at roughly $7 billion, or about $34 per share. 

With Caesars’ shares trading around $28, leaving roughly 20% upside to the reported buyout price, investors face the tough call of whether to roll the dice and ride the momentum or wait for clearer signals before placing their bets.

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