Caesars: Merger registration statement effective; shareholders to vote

By Caroline Salls

Pittsburgh, June 23 – Caesars Entertainment Corp. and Caesars Acquisition Co. announced Friday that the Securities and Exchange Commission declared effective the S-4 registration statement related to the plan of merger under which Caesars Acquisition will merge with and into Caesars Entertainment.

According to a news release, Caesars Entertainment and Caesars Acquisition individually scheduled special meetings of their respective stockholders in connection with the pending merger.

The companies said stockholder approval of the merger is a critical step to concluding the restructuring of Caesars Entertainment Operating Co., Inc. (CEOC).

The special meetings will both be held on July 25. All stockholders of record as of the close of business on June 19 will be entitled to vote their shares at the special meetings.

The companies said they are in continuing talks with regulators in jurisdictions where approvals are required for the merger and other aspects of CEOC’s restructuring.

In addition to regulatory approvals and approval by stockholders at the special meetings, the merger is subject to the completion of CEOC’s restructuring and other customary closing conditions.

Caesars is a Las Vegas-based casino-entertainment company that filed for bankruptcy on Jan. 15, 2015 in the U.S. Bankruptcy Court for the Northern District of Illinois. The Chapter 11 case number is 15-01145.

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