Caesars deal blinds market with science
Lean and hungry
The U.S. casino empire’s private equity owners Apollo and TPG are following last year’s microscopic IPO with a spinoff and rights issue concoction. Aiming to raise $1.2 bln, the transaction mostly seems like a complex financial experiment to buy time for the ailing $31 bln LBO.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.