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Carl Icahn Reportedly Plans To Push Caesars To Consider Selling Itself

Carl Icahn is placing his chips on a sale of Caesars Entertainment Corp, the wall street journal reported citing people familiar with the matter.

The billionaire shareholder activist owns roughly 10% of Caesars and plans to push the casino operator to consider selling itself after it received at least two approaches.

An Eldorado Resorts Inc. official in the past several months made a preliminary approach to Caesars about a deal but the talks didn't go anywhere, the report said. Hospitality-and-gambling company Golden Nugget LLC proposed a separate combination last year, which Caesars rejected.

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