RENO, Nev. (FOX5) — Stockholders of Caesars Entertainment, Inc. voted to approve a merger agreement with Fertitta Gaming Holdco, LLC during a meeting Tuesday, according to a filing with the U.S. Securities and Exchange Commission.
The vote took place at a special meeting at the Eldorado Resort & Casino in Reno.
Tilman Fertitta’s plan to buy Caesars was announced back in May, and valued at $17.6 billion. Fertitta would also plan to inherit nearly $12 billion in debt from Caesars.
Merger terms
Under the approved merger agreement, Empire Merger Sub, Inc., a subsidiary of Fertitta Gaming, will merge with and into Caesars, with Caesars surviving as a wholly owned subsidiary of Fertitta Gaming Holdco, LLC, the filing states…