Caesars Says Evaluate Icahn's Suggestions, Incl Request For Board Representation

(RTTNews) - Caesars Entertainment Corp. (CZR) said that it plans to carefully evaluate Carl Icahn's suggestions, including his request for Board representation.

Caesars issued statement regarding the Form 13D filing with the Securities and Exchange Commission by High River Limited Partnership and other entities affiliated with Carl Icahn disclosing ownership of approximately 9.78% of Caesars Entertainment's common stock.

Caesars said its board remains open to all reasonable alternatives to enhance value for Caesars' stockholders and has and will continue to evaluate strategic alternatives presented to it across a number of factors, including potential value creation and execution risk, given highly regulated environment in the various domestic and international jurisdictions in which we operate.

The company said, "Any such alternatives previously brought to the Board's attention were considered, in consultation with its legal and financial advisors, and determined to undervalue the Company and its plan to create stockholder value over the long term."