Reuters first to report Eldorado Resorts clinches $18 billion cash and stock deal for Caesars

Reuters was first to report that U.S. casino operator Eldorado Resorts has clinched an $18 billion cash-and-stock deal to acquire peer Caesars Entertainment Corp. The agreement comes three months after Reuters reported that Caesars had agreed to give Eldorado access to its books under pressure from billionaire investor Carl Icahn, who earlier this year was awarded seats on Caesars’ board.