Billionaire Icahn wants Caesars Entertainment to sell itself

Billionaire Icahn wants Caesars Entertainment to sell itself

Billionaire investor Carl Icahn on Tuesday disclosed he has taken a 10 per cent stake in Caesars Entertainment. The activist investor said in a filing with the SEC that he wants representation on Caesars’ board and is pushing to refrain the company from immediately appointing a new CEO. He said he is pushing the casino giant to sell itself, as the best way to boost its undervalued shares.

Timothy
Timothy
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