Money Changer Monday

1a

U.S. casino operator Caesars Entertainment Corp is in talks to offer Carl Icahn a role in selecting its new CEO as a part of an agreement that would also give the billionaire investor board seats, people familiar with the matter said on Sunday.

The negotiations come after Icahn disclosed a 9.8 percent stake in Caesars on Tuesday and said he could nominate a slate of directors to the companyโ€™s board.

Icahn also asked Caesars to launch a process to explore a sale. The company responded on Wednesday that all the deals it had explored thus far undervalued it and did not create enough value for shareholders, but noted that it will continue to evaluate strategic alternatives presented to it.

Icahn has proposed Anthony Rodio, the CEO of privately held casino gaming company Affinity Gaming, as the successor to Mark Frissora, who is due to step down as Caesars CEO later this year, the sources said. Rodio was previously CEO of Tropicana Entertainment Inc, another casino and resort operator that Icahn sold last year to peer Eldorado Resorts Inc for $1.85 billion.

@ REUTERS

About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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15 Responses to Money Changer Monday

  1. Micki says:

    If Mike Pompeo pulls off what appears to be a “great deal” with North Korea, I bet he runs for president…he’s 55-YO, former US Army, former CIA, Harvard Law grad, former US Representative from Kansas as a Tea Party Republican, evangelical Christian, GOP loyalist extraordinaire….

    Like

  2. Den says:

    OK I dug into this comment thing and found 2 separate control panels (with many pages) for this blog, one was ‘name&email on’ the other one was off, now they are both on.

    No damn wonder this place is so lunkish to operate, too much control baggage.

    Like

  3. David B. Benson says:

    In the snow plus new falling, with back aching from shoulders to lumbar, it took 20 minutes to stick walk to the Hillside Cafe. Icicles not down to the ground yet.

    Like

    • David B. Benson says:

      Unusually, snow right into my face on the way home from the CUB once minor errand complete.

      Day 2: 0+48=48 minutes.

      But now I have to make not one, but two, trips to the grocery store. In all of this unplowed or shoveled snow.

      Den, no name & email address.

      Like

      • David B. Benson says:

        So the first trip to the grocery store is complete; the second will hafta wait until I can shovel the walks. The second trip is for wine but I have 3 6paks to keep me from teetotalership.

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  4. David B. Benson says:

    Carol, a Stansport propane lantern looks like a good deal to keep around for power outages. Also, there are several propane heaters suitable to taking the edge off in a single room in the $100 or less range.

    Den — hafta fill in name & email this time.

    Like

  5. Micki says:

    Stunningly beautiful here today! Blue skies! Crisp air!

    But now getting blown to smithereneens!!

    Egads!

    Like

  6. David B. Benson says:

    Wierd. ๐Ÿ˜

    Like

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