Caesars Entertainment Corporation CEC and Caesars Acquisition Company announced that the Securities and Exchange Commission (SEC) has declared effective the Registration Statement on Form S-4 previously filed by Caesars Entertainment on March 13, 2017, and amended on June 5, 2017 and June 20, 2017, in connection with the Amended and Restated Agreement and Plan of Merger dated as of July 9, 2016 and amended on February 20, 2017, pursuant to which, among other things, Caesars Acquisition will merge with and into Caesars Entertainment.
They have individually scheduled special meetings of Caesars Entertainment and Caesars Acquisition stockholders in connection with the pending Merger. Stockholder approval of the Merger is a critical step to concluding the restructuring of Caesars Entertainment Operating Company (CEOC). The special meeting of Caesars Entertainment stockholders will be held on July 25, 2017, at 8:00 a.m. PT in the Classico Chapel, Caesars Palace, One Caesars Palace Drive, Las Vegas, Nevada. Caesars Entertainment and Caesars Acquisition continue to engage 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. CEOC’s restructuring is subject to the completion of the Merger, certain financing activities, continuing oversight by the United States Bankruptcy Court, and other customary closing conditions.
More on the Caesars’ bankruptcy.