TMCnet News

CAESARS ACQUISITION COMPANY ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price and Process in Proposed Sale of Caesars Acquisition Company to Caesars Entertainment Corporation
[December 22, 2014]

CAESARS ACQUISITION COMPANY ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price and Process in Proposed Sale of Caesars Acquisition Company to Caesars Entertainment Corporation


Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Caesars Acquisition Company (NASDAQ: CACQ) breached their fiduciary duties in connection with the planned merger of the Company with Caesars Entertainment Corporation. Caesars Acquisition Company, through its interests in Caesars Growth Partners, LLC, operates as a casino asset and entertainment company.

On December 22, 2014, Caesars Acquisition and Caesars Entertainment announced that they had entered into a definitive merger agreement. Under the terms of the agreement, each outstanding share of Caesars Acquisition class A common stock will be exchanged for 0.664 share of Caesars Entertainment common stock. The exchange values Caesars Acquisition at $8.96 based on the December 19, 2014 closing price. The proposed transaction is subject to regulatory approvl.



The investigation concerns whether Caesars Acquisition's board failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. One Wall Street analyst has a $15.00 price target on the stock. Earlier this year Caesars Acquisition stock traded at $16.98 per share.

If you are a shareholder of Caesars Acquisition and believe that the proposed buyout price is too low and you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471.


About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


[ Back To TMCnet.com's Homepage ]