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Company News

Caesars to offer 30 mln shares to fund William Hill deal

Sept 28 (Reuters) - Caesars Entertainment said on Monday it would offer 30 million shares and intends to use the net proceeds to finance a portion its possible takeover of William Hill.

The company gave no indication on pricing of the offer.

The offer would be valued at $1.7 billion at Caesars’ closing price of $57.07 on Friday. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel)

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