None
PT
Stifel: Caesars Unlikely to Garner Higher Takeover Offer
['Todd Shriber', 'Todd Shriber Is A Senior News Reporter Covering Gaming Financials', 'Casino Business', 'Stocks', 'Mergers', 'Acquisitions For Casino.Org. Todd Got His Start In Financial Markets As A Reporter With Bloomberg News...', 'Click For More', 'Financial Reporter']
Casino.org
Todd Shriber Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.
While some on Wall Street believe Fertitta’s offer slightly undervalues Caesars, the consensus wisdom consistently indicated another suitor would not emerge for the gaming company.
Caesars Q2 Results: Strip SlumpCommentary around the Caesars buyout arrived on the day the operator delivered second-quarter results.
The top-line number slightly beat analyst forecasts, but Wall Street expected a profit of five cents a share.
Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) of $920 million was 4% below Wall Street forecasts.