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Caesars Is Seeking Carl Icahn's Advice for Next CEO, Report Says

Stock Market Today

Caesars Entertainment Corp. ( CZR ) is gambling on Carl Icahn's input to help the casino operator pick its next chief executive, according to Reuters, which cited people familiar with the matter. The talks are part of a settlement between Icahn and Caesars that would also include board seats, according to the report, after the billionaire activist investor disclosed a 9.8% stake in the company last week. After disclosing his stake, Icahn asked Caesars to launch a process to explore a sale...

Mentions: bankruptcy Sale stake