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Caesars Entertainment Has Held Talks With Icahn

LAS VEGAS (AP) — Caesars Entertainment says it's held discussions with billionaire investor Carl Icahn, who began pushing for fundamental changes this week after revealing a 10 percent stake in casino and resort.

 

Icahn says he wants to put the company on the block and is pushing for leadership changes.

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Caesars said Wednesday that it is evaluating Icahn's ideas.

Shares of the Las Vegas company jumped more than 5 percent Tuesday on news of Icahn's involvement.

 

Caesars emerged from an $18 billion bankruptcy in late 2017. It reports fourth-quarter earnings results Thursday.