Eldorado resorts give money and stock $ 18 billion to Caesars: sources

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The observation wheel is high cylinder 550 feet (167.6 m), the tallest in the world, the core of the Linq project is $ 550 million, retail, food and entertainment area at Caesars Entertainment Corp, which is featured in Las Vegas, Nevada April 9 , 2014. REUTERS / Las Vegas Sun / Steve Marcus / File Photo

NEW YORK (Reuters) – The casino operator Eldorado Resorts Inc worked with Caesars Entertainment Corp to acquire money and stocks that value its peers at around $ 18 billion including debts, said people who are familiar with Sunday.

The announcement, which is announced on Monday, is expected to deal with Caesars almost $ 13 shares. The joint ownership of the company would be split about half between Eldorado and Caesars shareholders, the sources said.

The sources were not identified as the material is confidential. Eldorado and Caesars did not respond immediately to requests for comments.

Reporting by Greg Roumeliotis; Edited by Peter Cooney

Our Standards:The principles of Thomson Reuters Trust.

(tTTTranslate) US (t) CAESARS (t) M (t) A (t) ELDORADO (t) Mergers / Receipts / Takeovers (t) Company News (t) Markets Equities (t) Equity Funding (t) United States of America

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