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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:11 EDTAPO, CZRAppaloosa, bondholders set to sue Caesars, NY Post reports
David Tepper's Appaloosa Management and a group of bondholders are set to file a lawsuit as early as today against Caesars Entertainment (CZR) in a move to stop Caesars from selling four of its casinos to another Caesars-owned entity for $2.2B, the New York Post reports, citing sources. The sale is likely to benefit Apollo (APO) and TPG, both Caesars shareholders that control Caesars entities. The suit is expected to claim that the sale is "fraudulent" and would make it "nearly impossible" for Caesars to pay down its $24B of debt. Reference Link
News For CZR;APO From The Last 14 Days
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July 1, 2015
08:10 EDTCZRCaesar's appoints Mark Frissora as President and CEO
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June 30, 2015
06:47 EDTCZRCaesar’s CEO Loveman: I faced ‘every imaginable human catastrophe,’ WSJ says
Caesar's CEO Gary Loveman defended his tenure with the company after its leveraged buyout in January 2012, saying that he faced “every imaginable human catastrophe” while on the job, including “floods, hurricanes, building collapses, murders,” the Wall Street Journal reports. “This job has made me numb,” Loveman said at a speech at Stanford University in 2012, the report says. Reference Link
06:18 EDTAPOSumitomo Mitsui close to deal to buy GE's European PE finance unit, WSJ reports
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June 26, 2015
09:32 EDTCZRNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 25, 2015
14:27 EDTAPOCapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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June 23, 2015
10:19 EDTAPOReno shoe chain hires bankers to explore sale, Reuters reports
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