Financial Wire

Market Chatter: Caesars Extends Talks for $18 Billion Takeover by Golden Nugget Owner

-- Caesars Entertainment (CZR) extended the exclusive-talks period regarding an $18 billion takeover by Tilman Fertitta, the owner of the Golden Nugget casino chain, Bloomberg reported Monday, citing people familiar with the matter.

Fertitta has been in talks to buy Caesars for about $32 a share, the report said.

Caesars didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $27.92, Change: $+0.70, Percent Change: +2.57%

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