Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Caesars Acquisition Company May Not Be In the Best Interests of Its Investors

NEW YORK, Dec. 24, 2014 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Caesars Acquisition Company ("CAC") (NASDAQ: CACQ), concerning the proposed acquisition of Caesars by Caesars Entertainment Corporation ("CEC") (NASDAQ: CZR).  CAC shareholders seeking more information about this acquisition are advised to contact Carl Stine at (212) 451-9631 or [email protected].

The investigation concerns whether the CAC directors are breaching their fiduciary duties by agreeing to an unfair transaction where the majority shareholders of both CAC and CEC are benefiting by standing on both sides of the transaction.  Under the terms of the proposed transaction, CAC shareholders will receive 0.664 shares of CEC for each share of CAC they own.  Based on the closing prices of both stocks before the deal was announced, the consideration is valued at approximately $8.96 per share, which is 5.3% below the closing price of CAC on December 19, 2014, the last trading day before the announcement of the proposed transaction.  In addition, the offer price is below CAC's 52-week high of $16.38 per share and significantly below an analyst price target of $15.00 per share.

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive increased value for their shares.  Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-451-9631
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: [email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-investigates-claims-that-the-proposed-acquisition-of-caesars-acquisition-company-may-not-be-in-the-best-interests-of-its-investors-300013914.html

SOURCE Wolf Popper LLP

Related Links

http://www.wolfpopper.com/

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED