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JCIR investor relations shop is advising Eldorado Resorts as it offers $8.6B to acquire Caesars Entertainment to create the nation’s biggest gambling company.
The combined entity will keep the Caesars name and have 60 US casino/resorts and gambling halls in 16 states. Eldorado and Caesars' shareholders will own 51 percent and 49 percent of the new NASDAQ-listed company, respectively.
The transaction calls for the sale of three Caesars properties—Harrah’s casinos in Atlantic City, Laughlin (Nev.) and New Orleans—to VICI Properties for $3.2B.
Eldorado CEO Tom Reeg said the merger will create “an extremely powerful suite of iconic gaming and entertainment brands, as well as valuable strategic alliances with industry leaders in sports betting and online gaming.”
JCIR founder/president Joseph Jaffoni, senior managing director Richard Land and managing director James Leahy represent Eldorado.
Teneo’s Stephen Cohen handles Caesars.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
Burson Buchanan handles AAR Corp as the supplier of parts and services to the aviation market acquires a 65 percent stake in MRO Holdings.
The financial services industry thinks it needs more communications, when the real issue is credibility—and that requires entirely different solutions.
