SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Caesars Entertainment Corp. – CZR

BALA CYNWYD, June 25, 2019 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Caesars Entertainment Corp. (“Caesars” or “the Company”) (Nasdaq – CZR -News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Eldorado Resorts, Inc. (“Eldorado”).

Under the terms of the transaction, Caesars  shareholders will receive only $8.40 in cash and 0.0899 of a share of Eldorado stock for each share of Caesars stock they own. The transaction values Caesars stock at only approximately $12.75 per share. The investigation concerns whether the Board of Caesars breached their fiduciary duties to shareholders and whether Eldorado is underpaying for the Company. The transaction may undervalue the Company and would result in a substantial loss for many Caesars shareholders. For example, Caesars stock has traded at $16.96 per share and an analyst has set a $13.00 per share price target for the stock.

If you own shares of Caesars stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.